Yen strengthens following BOJ rate hike, upward revisions to inflation forecasts
Aussie, kiwi dollars jump after Trump dials down on China tariff talk
Dollar eyes worst week in over a year

SINGAPOREGDANSK, Jan 24 Reuters The yen rose after the Bank of Japan hiked rates on Friday and revised up its inflation forecasts, while the dollar touched a onemonth low after U.S. President Donald Trump suggested a potentially softer stance on tariffs against China.

The BOJ raised rates by 25 basis points at the conclusion of its twoday policy meeting, in a move that had been well telegraphed by policymakers prior to the outcome.

The yen rose to 154.845 per dollar following the policy decision, but pared some gains after Governor Kazuo Ueda39;s press conference, where he said that a rise in underlying inflation was moderate and the central bank wasn39;t seriously behind the curve, suggesting no rush to tighten policy again.

The yen was last up 0.55 at 155.19 per dollar.

There39;s more than just the Japanese economy and wages that determine when the next BOJ rate hike can come, and the global uncertainties from Fed39;s slowing rate cuts and the risk of tariffs in the new Trump administration remain out of Ueda39;s control, said Charu Chanana, chief investment strategist at Saxo.

Earlier on Friday, data showed Japan39;s core consumer prices rose 3.0 in December from a year earlier to mark the fastest annual pace in 16 months.

The yen was also supported by comments from…