USD/JPY at 90-100 return to equilibrium, BoJ front runner Iwata says

FXstreet.com (Barcelona) - One of the possible successors from BoJ chief Shirakawa, Mr. Iwata, is making comments with an immediate effect on the value of the Yen.

According to the front runner to take charge as next governor at the helm of the BOJ , "USD/JPY at 90-100 is a return to equilibrium..." Iwata also said there are many ways for monetary policy to boost economy, suggesting considerations for longer-term Japanese bonds and riskier assets like foreign-bond purchases perhaps may also be given consideration (Yen negative).

As additional information for readers, and courtesy of Nomura, he is a proactive on inflation targets, he believe foreign policy is important, as Nomura explains, "he proposed establishing a public-private fund investing in foreign bonds..."

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.

RELATED TOPICS