Senior BoJ official: BoJ will continue to scrutinize market developments and their impact on Japan

Haresh Menghani FXStreet

A senior Bank of Japan (BoJ) official crossed the wires in the last hour, citing US President Donald Trump's tariffs as a cause of volatile market moves.

Key quotes:

Markets, particularly US stocks, and long-term interest rates, making volatile moves due in part to U.S. tariff policy.
Unlike during the global financial crisis, we are not seeing a sharp shrinkage of liquidity.
BOJ will continue to scrutinize market developments and their impact on Japan, and overseas economies.

Market reaction:

The Japanese Yen (JPY) retains its negative bias, which, along with a modest US Dollar (USD) uptick, keeps the USD/JPY pair well bid just below the mid-143.00s.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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