Japan ruling party heavyweight says BOJ policy tweak could pour could water on the economy

<ul><li>BOJ decision could pour could water on the economy, needs high attention</li><li>Policy tweak sends a message to finally exit from easing policy</li></ul><p>On the final point, that certainly is reflected by 10-year JGB yields but not so much in the Japanese yen currency. The poor method of communication from the BOJ itself is in part to blame I would say and with <a href="https://www.forexlive.com/news/usdjpy-at-three-week-highs-as-buyers-look-for-further-upside-20230731/" target="_blank" rel="follow">USD/JPY running up above 142.00 today</a>, there is scope for the yen to weaken further based on the technicals at least.</p>

This article was written by Justin Low at www.forexlive.com.