Will not comment on specific FX movesImpact of FX moves on the economy can varyCan’t say with certainty how much BOJ will raise rates furtherOn 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 www.forexlive.com.