Japan’s Kato: Will closely monitor discussions at BoJ’s policy meeting next week
Source Fxstreet
Japan’s Finance Minister Katsunobu Kato said on Wednesday that he “will closely monitor discussions at the Bank of Japan (BoJ) policy meeting next week.”
Additional quotes
Expect the BoJ to conduct monetary policy appropriately.
Believe the BoJ is playing its role based on its accord with government.
Up to the BoJ to decide on monetary policy.
Market reaction
USD/JPY is losing 0.40% on the day to trade near 157.30 following these above comments.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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The USD/JPY pair is seen consolidating in a narrow band around mid-159.00s during the Asian session on Tuesday as traders opt to wait for the crucial Bank of Japan (BoJ) before placing fresh directional bets.
Gold price (XAU/USD) holds steady near $4,600 during the early Asian session on Wednesday. The precious metal steadies as traders await a key Federal Reserve (Fed) interest rate decision later on Wednesday.
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