BOJ’s Amamiya: Fed's policy moves could have various impact on Japan's economy, prices short-term

Anil Panchal FXStreet

“Fed's policy decision could affect forex, asset market moves so watching developments carefully,” said Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya on Thursday.

Also read: BOJ’s Amamiya: Central bank must support economy with monetary easing as recovery not solid

Additional comments

Hope Fed curbs inflation while achieving stable US growth.

That is important not just for US but for global economy.

Fed policy decision won't directly affect BOJ policy moves.

But could have impact on Japan's economy, prices in the short-term.

Recent yen declines may see more Japanese firms shift production back home.

USD/JPY retreats

Following the announcements, USD/JPY fades the corrective pullback from a three-week low marked earlier in the day. That said, the yen pair was last seen retreating to 135.30.

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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