BoJ’s Ueda: Will scrutinize the wage talk outcome and other data in making policy decision
|Following the Japanese wage hike outcome, Bank of Japan (BoJ) Governor Kazuo Ueda is out on the wires, noting that “we will scrutinize the wage talk outcome, as well as other data and information from our hearings, in making policy decisions.”
Additional quotes
We will consider tweaking negative rate, YCC and other monetary easing tools if sustained achievement of our price target comes into sight.
We must scrutinisz whether positive wage-inflation cycle emerges, in deciding whether conditions for phasing out stimulus are falling into place.
This year's wage negotiation is critical in deciding timing on exit from stimulus.
Unions have demanded higher pay, we are seeing many corporate management making offers that will stream in today and beyond.
Market reaction
USD/JPY keeps its recovery mode intact on Ueda’s comments, currently trading flat at 147.66.
Japanese Yen price today
The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the weakest against the New Zealand Dollar.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | 0.01% | 0.02% | 0.03% | -0.04% | 0.07% | -0.20% | 0.04% | |
| EUR | 0.00% | 0.01% | 0.03% | -0.04% | 0.06% | -0.22% | 0.04% | |
| GBP | -0.02% | -0.01% | 0.02% | -0.05% | 0.05% | -0.23% | 0.03% | |
| CAD | -0.04% | -0.03% | -0.01% | -0.08% | 0.03% | -0.23% | 0.01% | |
| AUD | 0.04% | 0.04% | 0.05% | 0.08% | 0.10% | -0.18% | 0.05% | |
| JPY | -0.07% | -0.03% | -0.04% | -0.03% | -0.07% | -0.28% | -0.02% | |
| NZD | 0.20% | 0.22% | 0.23% | 0.24% | 0.18% | 0.28% | 0.26% | |
| CHF | -0.06% | -0.04% | -0.03% | -0.03% | -0.06% | 0.02% | -0.26% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).
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.