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

    FXStreet
    Updated Feb 22, 2024 05:11
    Mitrade

    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.

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