“BOJ divided on rate hike timing” – USD/JPY pops a little higher on the session

The Bank of Japan Summary is here from earlier:

• BOJ Summary (Oct.): Yen’s depreciation has significant effects

Reuters have a brief recap up, with the headline:

• BOJ divided on rate hike timing, October summary shows
  

Highlighting:

• “The Bank should consider further rate hikes after pausing to assess developments in the U.S. economy,” one member was quoted as saying
• Another member, however, said the BOJ must “take time and exercise caution” when raising rates, the summary showed.

Seems like a bit of a strain to post a headline about, but that’s what’s being taken from the Summary.

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USD/JPY update:

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