Japan Chief Cabinet Secretary Hirokazu Matsuno crossed wires, via Reuters, amid early Thursday morning in Asia.

The top diplomat conveyed expectations from the Bank of Japan (BoJ) during the latest speech while saying that he expects the BoJ to communicate closely with the government.

The policymaker also anticipates the BoJ to conduct the monetary policy in a way that achieves the nation’s inflation target stably, as well as sustainably.

Market reaction

USD/JPY renews intraday low to around 139.40 following the news as the US Dollar drops across the board amid the market’s expectations of sooner end to the rate hike trajectory across the major central banks.

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