BoJ’s Ueda: Chances are high for accommodative conditions to stay

Dhwani Mehta FXStreet

Bank of Japan (BoJ) Governor Kazuo Ueda said on Friday, “chances are high for accommodative conditions to stay even if negative rates are abandoned.”

Additional quotes

Will pay heed to the health of BOJ balance sheet if exit from stimulus policy draws near.

No comment on forex reserves special account management which is under govt jurisdictions.

Market reaction

At the press time, USD/JPY is consolidating the rally to ten-week highs of 149.41, modestly flat on the day.

Japanese Yen price today

The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the weakest against the New Zealand Dollar.

	USD	EUR	GBP	CAD	AUD	JPY	NZD	CHF
USD		0.02%	0.01%	0.01%	0.07%	0.01%	-0.28%	0.03%
EUR	-0.03%		-0.01%	-0.01%	0.04%	-0.02%	-0.31%	0.00%
GBP	-0.01%	0.00%		0.00%	0.06%	0.00%	-0.27%	0.01%
CAD	-0.01%	0.01%	0.00%		0.06%	-0.01%	-0.27%	-0.01%
AUD	-0.07%	-0.05%	-0.07%	-0.08%		-0.07%	-0.34%	-0.04%
JPY	-0.01%	0.02%	0.02%	-0.01%	0.04%		-0.23%	0.02%
NZD	0.29%	0.28%	0.27%	0.27%	0.33%	0.27%		0.28%
CHF	-0.03%	-0.01%	-0.02%	-0.02%	0.04%	-0.01%	-0.31%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).

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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