- Still haven’t narrowed down what the neutral rate is
- Don’t know how tariffs will affect economy in the short-term
- Will respond nimbly if there is abnormal moves in long-term yields
- But we do not see such a situation now
The yen continues to see volatile shifts during Ueda’s presser here. The latest remarks above are helping to pin USD/JPY back down to 149.43 on the day currently after having briefly touched 150.00 earlier. The pair is still up 0.2% on the day at the balance though.
This article was written by Justin Low at www.forexlive.com.