BoJ Minutes: US dollar weakening moderately vs yen, must be vigilant to market moves including fx
|The minutes of the last Bank of Japan meeting are trickling their way through the worse.
Of note, a few members said that the US dollar was weakening moderately vs yen and that they must be vigilant to market moves, including fx.
More minutes
A few members said dollar weakening moderately vs yen, must be vigilant to market moves including fx.
Members shared view BoJ should ease without hesitation if needed with eye on pandemic development.
A few members said BoJ must analyse effect of its policies to see how it can achieve its inflation target.
Most members said appropriate to examine BoJ's policy measures on basis it will maintain current policy framework.
Must seek ways to make its ETF buying more flexible as ultra-easy policy is prolonged.
One member said ETF buying is already flexible but worth seeking more ideas.
Must be ready to effectively respond to possible changes to economic, price, financial developments
Must control the shape of yield curve more meticulously as desirable for curve to steepen moderately
Boosting small, medium-sized firms' profitability via digitalisation is crucial in strengthening japan's growth potential
The decision to extend the deadline of loan schemes, review operation of its tools is timely
Market implications
The yen could find some additional strength if markets take on the vulnerability at the BoJ which would be forced to intervene if the currency became too strong.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.