Japanese PM Takaichi reportedly relayed to BoJ Governor Ueda her reservations about further rate hikes, according to Mainichi citing sources

• The piece suggests that whilst details are unknown, sources suggest that she was "stricter than at the previous meeting".

The reported comments from PM Takaichi to BoJ Governor Ueda indicate a more cautious stance on monetary policy regarding rate hikes, suggesting a shift in tone compared to prior discussions. This could imply a dovish tilt that may affect market expectations for Japanese monetary policy, influencing the JPY and potentially impacting USD/JPY dynamics as traders reassess rate path probabilities. Overall, this highlights the continuing interplay between government sentiment and central bank actions in shaping market outlooks.