Japan’s LDP senior official: BoJ policy tweak sends message to exit from easing finally

Dhwani Mehta FXStreet

Citing a senior official from Japan’s ruling Liberal Democratic Party (LDP) on Monday, Japanese media outlet – Jiji reported, “the Bank of Japan’s (BoJ) policy tweak sends a message to exit from easing finally.”

The BoJ decision could throw cold water on the Japanese economy and needs high attention, the official added.

Market reaction

On the above comments, USD/JPY rallied hard to test 142.50. At the time of writing, the pair is adding 0.85% on the day to trade at 142.35.

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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