ECB's Kazaks: If things improve, it is possible to not hike further

DOLLAR/YEN BRIEFLY SEES SHARP DROP LAST UP 0.25% AT 162.34 Just in | Market Speculation Surrounds Potential JPY Intervention

ECB's Dolenc: If current oil prices hold, ECB may be able to wait until September to decide if more policy steps needed. DOLENC: WE HAVE NOT SEEN CLEAR EVIDENCE OF SECOND-ROUND INFLATION EFFECTS

Fed's Hammack: The inflation is still too high, the Fed may need to consider rate hikes HAMMACK: WILL GO INTO FED MEETINGS WITH OPEN MIND, WON'T PREJUDGE OUTCOMES Fed's Hammack: It's important that central bankers are transparent about the reaction function