Yen Falls as Markets Anticipate Shift in Bank of Japan Policy Amid Inflation Hopes
• USD/JPY falls to 149.00 as investors anticipate BoJ pivoting from easy policy sooner amid hopes of wage growth.
• Market mood cautious ahead of January US CPI inflation data on Tuesday.
• Investors forecast steady 0.2% monthly rise in US headline CPI and 0.3% core inflation.
• BoJ wants sustainable 2%+ inflation to exit decade-long stimulus policy.
• IMF advised BoJ to end yield curve control, asset purchases; then focus on gradual rate hikes.