BOJ governor Ueda says will continue to watch impact of FX on economy, prices

If FX fluctuations affect underlying inflation, that could be a consideration for monetary policyWeak yen is not having a big impact on trend inflation so farBut weak yen did have some impact to an extent on higher inflation forecastsLikelihood of achieving 2% inflation target is gradually risingUSD/JPY is up a little more as it seems what Ueda isn't saying is the more important takeaway here. The pair is now at 156.15, up 0.3%, from around 155.95 earlier when he began speaking. This article was written by Justin Low at www.forexlive.com.

Apr 26, 2024 - 12:40
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BOJ governor Ueda says will continue to watch impact of FX on economy, prices
  • If FX fluctuations affect underlying inflation, that could be a consideration for monetary policy
  • Weak yen is not having a big impact on trend inflation so far
  • But weak yen did have some impact to an extent on higher inflation forecasts
  • Likelihood of achieving 2% inflation target is gradually rising

USD/JPY is up a little more as it seems what Ueda isn't saying is the more important takeaway here. The pair is now at 156.15, up 0.3%, from around 155.95 earlier when he began speaking.

This article was written by Justin Low at www.forexlive.com.
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