BoJ sees discrepancy between Ueda’s remarks and market reaction – Bloomberg

Citing people familiar with the matter, Bloomberg reported on Tuesday that Bank of Japan (BoJ) officials see a misinterpretation of Governor Kazuo Ueda’s recent comments delivered in a Yomiuri newspaper interview, in the face of the market reaction.
Key quotes
“Taken in total, his comments indicate little change in the view among officials that they’ll need to weigh both upside and downside risks in deciding whether to adjust policies.”
“BoJ officials also acknowledge that inflation remains strong, requiring them to closely look at upside risks for now.”
Market reaction
USD/JPY remains on the front foot following the above the report, near 147.70. The pair is up 0.08% on the day.
Author

Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

















