BOJ Hawkish Pivot and USD Weakness Shake Currency Markets

Bank of Japan board member Kazuyuki Masu stated the central bank "expected to continue raising interest rates" given accommodative conditions, with timing tied to inflation, oil prices, and FX fluctuations. This came as a Reuters poll showed 82% of economists believe recent US-Japan yen-buying intervention and US Treasury pressure have lowered political barriers for hikes.

USD Slips Despite Inflation Jitters

The US Dollar Index (DXY) weakened for...