No set pace in mind when it comes to rate hikesMust scrutinise data particularly on the real economyRate hike so far has had intended effectBut must avoid falling back into deflation with premature rate hikesRisk of upward pressure heightening from yen declines has reduced significantly
The headline remark takes some of the edge of his earlier comments in the day here. USD/JPY continues to trade little changed on the day, seen at 149.30 currently.
This article was written by Justin Low at www.forexlive.com.
