BOJ’s Adachi: May respond if expectation of or actual Fed tapering triggers yen spike

Dhwani Mehta FXStreet

The Bank of Japan (BOJ) board member Seiji Adachi is back on the wires now, via Reuters, noting that the Japanese central bank “may need to respond if the expectation of or actual Fed tapering triggers yen spike.”

Additional comments

BOJ’s decision not to buy ETFs in May was a right one and reflected outcome of March review.

Can't think of any new tools to fire up inflation, BOJ must patiently sustain current policy.

BOJ must look at where inflation stands in case it begins to debate normalising policy after pandemic subsides.

USD/JPY Price Analysis: Bulls attack key hurdle below 110.00

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.

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