Bank of Japan (BoJ) is considering raising the fiscal year (FY) 2023/24 core Consumer Price Index (CPI).0 target to near 3% from the 2.5% forecast in July, Kyodo news agency reported on Tuesday, citing some sources with knowledge of the matter.

Nothing further is reported about the same.

Market reaction

At the press time, USD/JPY is off the highs, still trading 0.16% higher on the day at 148.72.