关注日元对日本央行评论的反应

It's almost as if the market has heard the 'transitory inflation' argument one too many times and is now just shrugging. Or perhaps everyone's just waiting for the next shoe to drop, which, knowing central banks, could be a while.

I've been thinking the same. It almost feels like the market is pricing in a degree of inaction, or at least very gradual moves from the BOJ, which allows the yen to sort of drift within a range without any sharp reactions.

The BOJ's position does seem to lean towards a more passive approach for now. Hard to say if that's by design or if they're simply biding their time before any significant intervention. I'm keeping a close eye on the CPI figures, as any sustained uptick might force their hand.

Agree, the lack of a major sell-off is notable. Perhaps the market's already priced in some of that caution, or they're anticipating further action down the line.