Japanese Prime Minister (PM) Fumio Kishida reiterated in a statement on Thursday, “specific monetary policy tools are up to the BoJ (Bank of Japan) to decide.”
“Expect BOJ to continue conducting appropriate policy in cooperation with the government.”
“No comment on whether to review joint statement between government and BoJ.”
USD/JPY is off the highs, currently trading at 129.77, up 0.15% on the day. Investors are resorting to repositioning ahead of the US GDP release.