Institution: Bank of Japan opinion summary less hawkish than expected, yen may come under pressure.

Resona Holdings senior strategist Keiichi Iguchi said the summary of opinions from the Bank of Japan's policy meeting last month appears less hawkish than expected, which could lead to selling pressure on the yen. The market had anticipated more hawkish views within the BOJ after related comments from U.S. Treasury Secretary Scott Bessent and others. With the New York Fed president making dovish remarks, and following weak U.S. personal consumption expenditure data, market expectations for U.S. rate hikes have cooled, making Friday's U.S. employment report the focal point for the market.