BOJ’s Adachi says no specific timeline on when to raise rates again

• No set pace in mind when it comes to rate hikes
• Must scrutinise data particularly on the real economy
• Rate hike so far has had intended effect
• But must avoid falling back into deflation with premature rate hikes
• Risk 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.