Today, the Bank of Japan (BoJ) revealed the summary of their December thoughts, stating that the monetary policy announced after the meeting did not surprise the markets. The Bank of Japan understands that canceling Yield Curve Control (YCC) is only necessary under exceptional circumstances. Furthermore, the BoJ has not made any decisions regarding the timing of policy changes.

On the previous Monday, the Governor of the Bank of Japan, Kazuo Ueda, mentioned that the possibility of achieving the central bank's inflation target is gradually increasing. They will consider policy adjustments if inflation approaches the sustainable 2% target.

The decrease in the inflation rate last week acted as a stimulus, leading to expectations that the Federal Reserve (Fed) might cut interest rates next year. Conversely, this might create pressure to sell the US dollar.

The Personal Consumption Expenditures Price Index (PCE), excluding food and energy prices, rose by 3.2% year-over-year in November, which was lower than the market's expectation of 3.3%. The Core PCE monthly figure stood at 0.1%.