BoJ’s Ueda: We decide monetary policy meeting by meeting on basis of information available
|More comments flowing in from Bank of Japan (BoJ) Governor Kazuo Ueda, as he now speaks on the monetary policy and the exchange rate value.
It's important for government and politicians to keep eye out on medium-term fiscal sustainability.
We decide monetary policy meeting by meeting on basis of information that becomes available up to the meeting.
There's still a month to go till next policy meeting, there will be more information available by then.
We don't make comments on short-term exchange rate moves.
We do seriously take into account exchange-rate movements in forming our economic and inflation outlook, including the question of what's causing the exchange-rate changes that are taking place at the moment.
Market reaction
Ueda’s latest remarks on the monetary policy seem to put a fresh bid under the Japanese Yen as the USD/JPY pair resumes its downside below 155.00.
The pair is currently trading at 154.85, losing 0.38% on the day.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.