More from the BOJ June meeting summary: One member called for early revision of YCC policy

<p>I thought this was <a href="https://www.forexlive.com/centralbank/boj-says-strong-chance-cpi-will-moderate-but-not-to-back-below-2-by-mid-fiscal-year-20230626/" target="_blank" rel="follow">VERY significant in the Summary:</a></p><ul><li>There is strong chance consumer inflation will moderate, but won't slow back below 2%, toward middle of current fiscal year</li></ul><p>More now:</p><ul><li>One member called for early revision of YCC policy</li></ul><p>Also significant, but the CPI not below 2% is even bigger IMO. </p><p><a href="https://www.forexlive.com/centralbank/usdjpy-lower-after-the-boj-says-cpi-may-not-drop-below-2-20230626/" target="_blank" rel="follow">USD/JPY dropped</a> but is not following through at present. </p><p>USD/JPY circa 143.37 as I update. </p><p>Is Ueda the pivot man?</p>

This article was written by Eamonn Sheridan at www.forexlive.com.