Even dovish members have softened their stance, but does uncertainty still remain over a Bank of Japan rate hike in December?

The story

While dovish committee members were said to have softened their stance, uncertainty remains over a December rate hike by the Bank of Japan. Market participants said they wanted to assess developments going forward.

USD/JPY rose slightly during Asian hours and is currently trading around 158.40. The latest signal from within the Bank of Japan is said to suggest the yen's medium-term direction.

At a glance

Committee stanceEven dovish committee members were said to have softened their stance

TimingUncertainty remains over a December rate hike by the Bank of Japan

CurrencyUSD/JPY trading around 158.40

Market trendsSlightly higher during Asian hours

Internal signalA signal indicating the yen's medium-term direction was issued

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