Japan's Prime Minister Fumio Kishida, speaking to members of Parliament this Wednesday, said that the Bank of Japan's (BoJ) monetary policy is not aimed at guiding foreign exchange rates in a certain way. Kishida added that his government expects the BOJ to take appropriate monetary policy and to share its views with the government.

Market Reaction:

Kishida's remarks do little to influence the Japanese Yen (JPY) or provide any meaningful impetus to the USD/JPY pair, which trades with a mild negative bias around the 148.25 region, down less than 0.10% for the day.