BoJ’s Ueda: Will conduct appropriate monetary policy, assessing forex impact on forecasts

Dhwani Mehta FXStreet

Bank of Japan (BoJ) Governor Kazuo Ueda said on Thursday that the central bank “will conduct appropriate monetary policy while assessing how forex affect the likelihood of our forecasts.”

Additional quotes

Forex is one important factor affecting economy, prices.

Need to be mindful that forex has larger impact on prices than in past, could affect inflation expectations.

Market reaction

USD/JPY has turned lower following these headlines, losing 0.06% on the day to trade near 158.85, as of writing.

Japanese Yen Price Today

The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the British Pound.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.12%	0.14%	-0.06%	-0.10%	-0.05%	0.07%	0.10%
EUR	-0.12%		0.03%	-0.18%	-0.22%	-0.17%	-0.05%	-0.03%
GBP	-0.14%	-0.03%		-0.21%	-0.24%	-0.19%	-0.08%	-0.05%
JPY	0.06%	0.18%	0.21%		-0.04%	0.02%	0.11%	0.13%
CAD	0.10%	0.22%	0.24%	0.04%		0.06%	0.16%	0.17%
AUD	0.05%	0.17%	0.19%	-0.02%	-0.06%		0.11%	0.14%
NZD	-0.07%	0.05%	0.08%	-0.11%	-0.16%	-0.11%		0.00%
CHF	-0.10%	0.03%	0.05%	-0.13%	-0.17%	-0.14%	-0.01%

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 Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (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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