Japan PM Abe: Don't think Japan should maintain ultra-easy policy forever

Dhwani Mehta FXStreet

More comments flowing in from the Japanese PM Abe, via Reuters, this time on the Bank of Japan (BoJ) monetary policy and inflation outlook.

Key Headlines:

BoJ's price target is one measurement when guiding economic policy but the key is to create jobs.

Japan's inflation has yet to reach BoJ's price target, hope BoJ keeps efforts to meet the target.

I trust BoJ Governor Kuroda's handling of monetary policy.

Don't think Japan should maintain ultra-easy policy forever.

Up to the BoJ to decide when to end the easy policy.

Will proceed with next year's scheduled sales tax hike.

Will mull steps to support spending of durable goods like automobiles, ensure sales tax impact on economy is as small as possible.

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.

AUD/USD flatlines as US yield ripples meet RBA hawks

The Australian Dollar is virtually unchanged against the US Dollar on Wednesday amid a light economic calendar, with the US Treasury's announcement of a buyback for the September 10 auction boosting the Greenback. The AUD/USD trades at 0.7219, flat.

USD/JPY rises above 153.50 on renewed USD strength

USD/JPY shakes off the bearish pressure and trades above 153.50 in the American session on Wednesday. The US Dollar (USD) stages a rebound following the US Treasury buyback announcement and helps the pair gain traction. Nevertheless, solid Japanese data reinforce expectations that the BoJ will continue normalising monetary policy, lending further support to the Yen and capping the pair's upside for now.

Gold regains balance above $4,400

Gold rebounds on Wednesday, snapping a three-day losing streak and reclaiming the are beyond the key $4,400 mark per troy ounce. The precious metal’s bounce comes amid further selling pressure on the US Dollar and steady uncertainty on the geopolitical front.

Bitcoin and Gold Outlook: BTC and XAU kick-start recovery ahead of key economic events

Bitcoin (BTC) holds above $79,000, maintaining resilience on Wednesday as the broader cryptocurrency market consolidates gains. Gold (XAU) is steady above $4,400, underpinned by a measured shift toward risk-on sentiment among investors.

Venezuela’s 65-billion-barrel Oil deal could reshape America’s inflation fight

The United States (US) has secured unprecedented access to part of Venezuela’s vast Oil reserves. The timing is particularly significant as the war with Iran is disrupting Middle Eastern supplies, keeping energy prices elevated and reviving concerns about inflation.