Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.
    Best News & Analysis Provider
    Best Forex Educational Resources Global
    International Business Magazine

    BoJ’s Ueda: Trend inflation heightening, will make appropriate policy decision

    Updated Feb 22, 2024 05:11

    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.

    * 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.

    Do you find this article useful?
    Related Articles