Yen bulls keen to re-engage on BOJ's Nakaso remarks
|BOJ's deputy governor Nakaso is crossing the wires, noting that Japan's economy is no longer in deflation. The immediate reaction on the Japanese Yen has been to appreciate against it main peers, as the market interprets Nakaso's comments as downplaying inflation, which may suggest less likelihood to act in the next meeting on Sept 21st. Moreover, today's final Q2 Japanese GDP was higher than expected, implying potentally less pressure for BOJ to act.
Headlines
If necessary we will decide in what way current framework should be adjusted
Fully recognize effect of large scale mon pol on financial institutions
Based on this recognition BOJ will take measures that we judge necessary for Japan's economy
Based on comprehensive assessment BOJ will decide whether or not to make needed adjustments to policy framework
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.