- BoJ’s Ueda: Our scheduled review won't have any pre-set idea in mind on specific monetary policy move
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9 May 2023
BoJ’s Ueda: Our scheduled review won't have any pre-set idea in mind on specific monetary policy move
“Our scheduled review won't have any pre-set idea in mind on specific monetary policy move,” said new Bank of Japan Governor Kazuo Ueda on early Tuesday.
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Important for forex moves to reflect fundamentals.
BoJ will take necessary policy action at each meeting, with eye on financial and price developments, even while conducting review.
USD/JPY marches forward
USD/JPY picks up bids to renew intraday high near 135.30, up for the third consecutive day, as BoJ’s Ueda defends current monetary policy inaction. Earlier in the day, Japan’s Finance Minister Shunichi Suzuki also allowed the Yen pair to remain firmer.
Also read: Japan FinMin Suzuki: Japan's financial system is stable
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