Strategists See Yen Slipping as Ueda Softens Hawkish Tone

Market strategists said Bank of Japan Governor Kazuo Ueda refraining from giving a decisive signal about the timing of a rate hike indicated that the BOJ may not be as hawkish as its split vote suggested.

The yen reversed and earlier gain as Ueda spoke at a post-decision press conference. The BOJ policy board had earlier voted 6-3 in favor of holding interest rates unchanged at 0.75%