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.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD: ECB and US Treasury yields to make it or break it

The EUR/USD pair fell to a fresh 2021 low at 1.1892 this week, ending with a handful of pips above this level. The dollar soared across the board following comments from the head of US Federal Reserve Jerome Powell.


GBP/USD: Dollar bulls taking over

The British Pound was among the best performers against the greenback, surging above the 1.4000 level for the first time this week. Soaring US Treasury yields after Powell’s speech sent the dollar skyrocketing. GBP/USD struggling around 1.3900 and at risk of falling further.


Gold still eyes June 2020 lows at $1670 after weekly closing below $1700

Weekly closing below $1700 keeps the XAU/USD sellers hopeful. A bounce towards 50-SMA on 4H cannot be ruled out in the near-term. RSI stays bearish while gold holds within a potential falling wedge.

Gold News

Ethereum price primed for a swift recovery as the network prepares for a major update in July

Ethereum price aims for a significant recovery towards $2,000. A major upgrade scheduled for July intends to fix the problem with gas fees on Ethereum. ETH miners are not happy with the decision.

Read more

US Dollar Index pushes higher to 92.20 on stellar Payrolls

The march north in the greenback remains unabated and trade in fresh 2021 highs beyond the 92.00 hurdle when tracked by the US Dollar Index (DXY).

US Dollar Index News