USD/JPY is rising on the remarks from Bank of Japan Governor Ueda:
- When sustained, stable achievement of the price target comes into sight, we will examine whether to maintain various easing measures, including negative interest rate.
- The specific means of rolling back stimulus will depend on economic conditions at the time.
- Based on the economic and price outlook as of now, Japan’s monetary conditions will likely remain accommodative even after ending negative rates.
This article was written by Eamonn Sheridan at www.forexlive.com. Source