BOJ’s Tamura: It is desirable for FX to move stably reflecting economic fundamentals

  • Will not comment on specific FX moves
  • Impact of FX moves on the economy can vary
  • Can’t say with certainty how much BOJ will raise rates further
  • On scrapping yield curve control policy, “our understanding was that there was no longer a need to aggressively in the bond market as we had done in the past”

They’re starting to sound like a broken record at this point. Once again, it reaffirms more verbal intervention so far today. But USD/JPY is not too fazed after the slight dip earlier, holding around 151.71 at the moment.

This article was written by Justin Low at Source