The BoJ is said to be considering a sharp increase to its price forecast this month, while weighing a possible growth outlook cut due to high oil prices, Bloomberg reports

The Bank of Japan's potential sharp increase in its price forecast could indicate a shift towards a more hawkish stance, especially if inflationary pressures are attributed to high oil prices.

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[MARKET ANALYSIS] Kiwi continues to outperform as domestic banks shift rate calls; JPY helped modestly by reports BoJ to increase price forecast

Iran's President Pezeshkian told French President Macron that a lack of US good will and maximalist positions prevented finalising an agreement in Islamabad, IRNA reports; further states that diplomacy is the preferred path to resolving disputes

The BoJ is said to be considering a sharp increase to its price forecast this month, while weighing a possible growth outlook cut due to high oil prices, Bloomberg reports

BMW (BMW GY) Q1 deliveries -3.5% Y/Y to 565,748 units

China will refine its drug pricing system with 14 measures, Xinhua reports

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  • Views are reportedly split over Middle East-related caution and upside price risks, with a final decision likely to depend on risks assessed up to the last minute.
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This diverging outlook on growth may impact the USD/JPY exchange rate and broader market sentiment, given the delicate balance between curbing inflation and supporting economic growth.

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