BoJ’s Himino: Don't have preset schedule in mind on exit from easy policy

Dhwani Mehta FXStreet

Bank of Japan (BOJ) Deputy Governor Ryozo Himino said on Wednesday that he doesn’t have any preset schedule in mind for exit from easy policy

Additional comments

Inappropriate to set in advance a sequence of ending various monetary easing means.

Aside from wage, price moves, must look at consumption, capex, overseas developments as among factors in deciding when to exit easy policy.

We will have to make a decision at some point while looking at mixed batch of signals coming out from economy.

Not confident to say precisely by how much we are close to sustainably achieving our price target.

There is a chance the side-effects of easy policy may diminish upon an exit.

Tokyo CPI data showed signs of dissipating impact of import price gains

It is said to take more than a year for effect of monetary policy to completely appear on economy, which is why we are patiently maintaining easy policy.

Don't have specific prediction in mind now on when BoJ can judge sustained, stable achievement of price goal can be foreseen.

Market reaction

USD/JPY is off the highs at 147.40, currently trading at 147.18, almost unchanged on the day. The above comments fail to move the needle around the Japanese Yen.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

EUR/USD holds losses near 1.1850 as US, China holidays keep trade muted

EUR/USD opens the week on a softer note, trading near 1.1860 during the Asian session on Monday. Activity is likely to remain muted, with United States markets closed for the Presidents’ Day holiday, while Mainland China is also shut for the week-long Lunar New Year break.

GBP/USD flat lines as traders await key UK macro data and FOMC minutes

The GBP/USD pair kicks off a new week on a subdued note and oscillates in a narrow range, just below mid-1.3600s, during the Asian session. Moreover, the mixed fundamental backdrop warrants some caution for aggressive traders as the market focus now shifts to this week's important releases from the UK and the US.

Gold remains below $5,050 despite Fed rate cut bets, uncertain geopolitical tensions

Gold edges lower after registering over 2% gains in the previous session, trading around $5,030 per troy ounce during the Asian hours on Monday. However, the non-interest-bearing Gold could further gain ground following softer January Consumer Price Index figures, which reinforced expectations that the Federal Reserve could cut rates later this year.

Week ahead: Data blitz, Fed Minutes and RBNZ decision in the spotlight

The US jobs report for January, which was delayed slightly, didn’t do the dovish Fed bets any favours, as expectations of a soft print did not materialize, confounding the raft of weak job indicators seen in the prior week.

Global inflation watch: Signs of cooling services inflation

Realized inflation landed close to expectations in January, as negative base effects weighed on the annual rates. Remaining sticky inflation is largely explained by services, while tariff-driven goods inflation remains limited even in the US.

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment.