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Apr 22 - 11:55 PM

USD/JPY - Plenty Japan Official-Speak, USD/JPY Eases Only A Tad

By Content Admin  —  Apr 22 - 10:00 PM
  • Plenty of Japanese official-speak on FX, BOJ policy, effect limited

  • FinMin Suzuki reiterated government ready to act vs excessive moves

  • Added government has laid the groundwork to take appropriate action

  • Seems USD/JPY move up to 154.85 new 30-year high o/n pushed some buttons

  • Comments too from BOJ Gov Ueda in Diet testimony on policy

  • He reiterated no preset idea on timing, pace of future rate hikes

  • BOJ data-dependent, on inflation outlook, will adjust policy as needed

  • Market eyeing possible BOJ move this fall, some say earlier but premature?

  • USD/JPY off a tad from 154.84 early high to 154.66

  • See nP8N3EL04Q, nP8N3GE008, nL2N3GW022, Ueda-speak nP8N3GE00D

  • Related comments nL2N3GW029, nL2N3GQ04H, nL2N3GL04J, nL2N3GE04H

  • Also nL2N3GV39F, for more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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