Japan’s Hayashi: Expect the BoJ to closely coordinate with government
Source Fxstreet
Japan’s Chief Cabinet Secretary Yoshimasa Hayashi said on Tuesday that the Bank of Japan and the government will closely coordinate.
Additional comments
Monetary policy specifics are up to the BoJ to decide.
Expect the BoJ to closely coordinate with government, conduct appropriate monetary policy toward inflation target.
Market reaction
At press time, USD/JPY is up 0.06% on the day to trade at 154.10.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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The USD/JPY pair attracts some buyers during the Asian session on Monday and climbs back above the 153.00 mark following the disappointing release of Japan's Q4 GDP report.
Gold (XAU/USD) attracts fresh sellers at the start of a new week and reverses a part of Friday's strong move up of over $150 from sub-$4,900 levels.
Silver price retreats during the North American session nearly 1%, after reaching a daily high of $78.20.
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