Japan’s Matsuno: Hope BoJ Governor Ueda, two Deputy Governors will work as one team
|Japanese Chief Cabinet Secretary Hirokazu Matsuno crossed wires during early Friday while conveying hopes from incoming officials for the Bank of Japan (BoJ), including Governor Kazuo Ueda and two Deputy Governors.
The policymaker also announced extension of sanctions against North Korea, including export ban, for two years.
Key comments
Hope BoJ Governor Ueda, two Deputy Governors will work as one team.
Expect BoJ to work closely with Government, guide appropriate monetary policy with eye on economic, price, financial trends.
USD/JPY bounces off intraday low
Following the news, USD/JPY picks up bids from intraday low to pare the weekly losses, down 0.05% on a day near 131.75 by the press time.
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.