Bank of Japan Governor Ueda spoke at Jackson Hole on Saturday.
His pertinent remark was:
- “We think that underlying inflation is still a bit below our target,”
- “This is why we are sticking with our current monetary easing framework.”
This should keep yen on the weak side in the early hours here in Asia. Its just past 6am in NZ and 8 am in Sydney and Melbourne in Australia. In Tokyo its just after 5, Singapore and Hong Kong 4.
This article was written by Eamonn Sheridan at www.forexlive.com. Source