Bank of Japan (BoJ) Executive Director Tokiko Shimizu said on Wednesday, it is “appropriate to continue easing policy for time being.”

Additional quotes

“CPI growth likely to slow below 2% in the middle of FY2023.”

“Will conduct appropriate policy with eyes on 2% inflation target.”

Market reaction

USD/JPY is jumping toward 135.00 on the above comments. The US Dollar is also gaining the upside traction amid a dent to risk sentiment, following hot UK inflation data. The spot is trading at 134.68, up 0.44% on the day, as of writing.