BoJ’s Ueda: Will raise rates if improvement in economy and price conditions continues
|
Speaking at the Bank of Japan (BoJ) branch manager meeting on Wednesday, Governor Kazuo Ueda said on that they “will raise rates and adjust degree of monetary support if improvement in economy and price conditions continues.”
Additional quotes
Will make a decision next week.
Watching developments in the US economy.
Momentum heading into spring wage negotiations is crucial.
There was a lot of positive talk about wage hikes at the meeting.
Timing of adjusting monetary policy is up to future economic, price, and financial conditions.
Market reaction
The Japanese Yen has picked up fresh bids on these comments, dragging USD/JPY 0.25% lower on the day to near 157.50.
Japanese Yen PRICE Today
The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the British Pound.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.03% | 0.03% | -0.27% | -0.03% | -0.06% | -0.11% | -0.04% | |
| EUR | -0.03% | 0.02% | -0.29% | -0.07% | -0.08% | -0.12% | -0.07% | |
| GBP | -0.03% | -0.02% | -0.33% | -0.06% | -0.09% | -0.13% | -0.06% | |
| JPY | 0.27% | 0.29% | 0.33% | 0.26% | 0.22% | 0.18% | 0.25% | |
| CAD | 0.03% | 0.07% | 0.06% | -0.26% | -0.04% | -0.07% | -0.00% | |
| AUD | 0.06% | 0.08% | 0.09% | -0.22% | 0.04% | -0.03% | 0.04% | |
| NZD | 0.11% | 0.12% | 0.13% | -0.18% | 0.07% | 0.03% | 0.07% | |
| CHF | 0.04% | 0.07% | 0.06% | -0.25% | 0.00% | -0.04% | -0.07% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).
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.