BOJ's Ueda: Japan inflation likely to slow back below 2% in middle of current fiscal year

• Then likely to rebound thereafter through uncertainty regarding outlook is very high
• Current inflation rise is due to external, cost-push factors; not demand strengthening
• Tightening monetary policy in response to this would hurt the economy
• Inflation expectations must heighten for inflation to hit 2% sustainably

Just some token remarks there by Ueda but it reaffirms their conviction, or should I say lack thereof, for now. The divergence between policy pivot expectations between the Fed (less dovish) and BOJ (less hawkish) is showing up in USD/JPY USD/JPY The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting Read this Term as the pair traded back above 138.00 to its highest levels this year yesterday.