Hiroshige Seko, Japan’s ruling Liberal Democratic Party’s (LDP) Upper House secretary-general, said on Tuesday that he “took Bank of Japan (BoJ) Governor Ueda's comment in the media interview to mean the BoJ will continue with easing.”

Seko added “BoJ Gov Ueda has said that exit from the easy policy will be after achieving the 2% inflation target.”

Market reaction

The Japanese Yen is unfazed by the above comments, as USD/JPY is holding its bounce near 146.70, up 0.09% so far.