Yen rises amid reports the Bank of Japan may discuss 'tweaking' policy

The Japanese yen roseate connected Friday greeting successful Asia, connected the backmost of a study that the Bank of Japan could perchance "discuss tweaking" its output curve power argumentation astatine today's argumentation meeting.

The yen was hovering astir the 139.13 people against the U.S. dollar astatine astir 11:25 a.m. Hong Kong/Singapore time.

Currency markets look to beryllium investigating the waters aft Nikkei reported the BOJ volition fto semipermanent involvement rates emergence beyond its headdress of 0.5% "by a definite degree" astatine its monetary argumentation gathering today.

Yields for 10-year Japanese authorities bonds (JGBs) roseate 7 ground points to 0.505%. It was the highest since March.

Under its output curve power policy, the cardinal slope targets short-term involvement rates astatine -0.1% and the 10-year authorities enslaved output astatine 0.5% supra oregon beneath zero.

"The projected alteration would support the complaint ceiling, but let for mean rises beyond that level," Nikkei said.

Japan's core consumer terms scale climbed 3.3% year-on-year in June, somewhat higher than the 3.2% recorded successful May.

With ostentation having exceeded the BOJ's 2% target, concerns are rising that Japan's comparatively debased involvement rates person made the yen little charismatic and susceptible to selling.

Central banks astir the satellite person raised rates aggressively to rein successful connected inflation, but Japan has continued to support an ultra-loose monetary argumentation and kept rates low.

On Friday, the Tokyo's halfway user terms index, which excludes volatile caller nutrient but includes substance costs, roseate 3.0% successful July from a twelvemonth ago. That's somewhat much than the 2.9% expected successful a Reuters statement poll.

— CNBC's Lim Hui Jie contributed to this report.