BoJ’s Ueda: Trend inflation heightening, will make appropriate policy decision
Trending Articles- Gold Price Forecast: Gold May Break $4,500 as Fed Rate-Hike Expectations Continue to Cool
- Gold gains momentum to near $4,400 as Fed hike expectations drop despite Us-Iran tensions
- US Treasury Department to buy back more longer-term bonds
- Gold Price Forecast: Will Gold Rise or Fall in the Short Term as Fed July Minutes Approach?
- Gold Price Forecast: US Treasury Yield Slump Pushes Gold Above $4,500, Will Gold Keep Rising?
- Australian Dollar gains as US Dollar struggles amid fading Fed rate hike bets
Bank of Japan (BoJ) Governor Kazuo Ueda said on Thursday that “Japan's trend inflation heightening, will make appropriate monetary policy decision.”
Additional quotes
Service prices continue to rise moderately.
Expect positive cycle to strengthen in which tight labor market leads to higher wages, household income.
Desirable for FX to move stably reflecting fundamentals.
Won't comment on FX levels.
FX rates move on various factors.
Desirable for FX to move stably reflecting fundamentals.
A 1% rise in interest rates will lead to 40 trln yen worth of valuation loss on BoJ’s JGB holdings.
Market reaction
USD/JPY was last seen trading at 150.31, almost unchanged on the day.
Read more
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
