BoJ´s Ueda: Will take some time to reach 2% price goal
|Bank of Japan Governor Kazuo Ueda said that it will take some time to reach the 2% price goal. He added that he can't say when the 2% goal will be reached. He argues that trend inflation likely will heighten ahead but it will take time.
Speaking in parliament, he also said setting an explicit time frame for hitting the BOJ's inflation target would cause unexpected market impact and therefore was undesirable.
USD/JPY update
USD/JPY has met support and is attempting to correct in a 38.2% Fibonacci retracement, so far.
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