Free Trial

USD/JPY Drifts as Ueda Talks Up Conditions for Policy Tweak

JPY
  • Pair slips around 25 pips or so to touch a pullback low of 139.20 on the back of comments from BoJ's Ueda, who speaks in a joint media interview on the potential for policy tweaks ahead.
  • Ueda outlines the BoJ's expectation that year-on-year core inflation to rise again following what is set to be a dip toward the middle of fiscal 2023, though this recovery is not certain.
  • On the specifics for yield curve control, Ueda states that the BoJ could tweak Yield Curve Control if the balance between the benefits and costs of policy shifts - Ueda adds that it is possible to keep the 5y bond stable and low even by targeting the 10y yield.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.