Future rate path depends on economic, price developments at the time – Crypto News – Crypto News
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BoJ shift likely to fuel further JPY strength – MUFG BoJ shift likely to fuel further JPY strength – MUFG

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Future rate path depends on economic, price developments at the time – Crypto News

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2 years ago

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Bank of Japan (BoJ) Deputy Governor Shinichi Uchida said on Thursday, the “future rate path depends on economic and price developments at the time.”

Additional quotes

Focus ahead would be pace of increase in inflation expectations, degree of price dynamism including wages.

We wil first determine whether conditions have fallen into place to shift policy, then consider most appropriate means, sequence to do so.

Just because we terminate YCC, that doesn’t mean we will suddenly stop bond buying.

Whether we will keep expanding our balance sheet, or hold off on scaling it back, when we roll back massive stimulus will depend on economic developments at the time.

We are seeing hopeful signs of rising prices leading to higher wage growth.

Outcome of this year’s annual wage negotiation will be crucial factor in judging whether positive economic cycle will kick off.

Likelihood of sustained achievement of price target gradually heightening.

Market reaction

At the time of writing, USD/JPY is adding 0.30% on the day to trade at 148.64. 

Japanese Yen price today

The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the weakest against the Swiss Franc.

  USD EUR GBP CAD AUD JPY NZD CHF
USD   -0.07% -0.02% -0.09% 0.01% 0.33% -0.02% -0.10%
EUR 0.06%   0.05% -0.01% 0.07% 0.38% 0.04% -0.06%
GBP 0.03% -0.02%   -0.05% 0.05% 0.39% 0.02% -0.09%
CAD 0.07% 0.01% 0.06%   0.08% 0.45% 0.05% -0.05%
AUD -0.01% -0.07% -0.02% -0.08%   0.36% -0.02% -0.14%
JPY -0.36% -0.45% -0.36% -0.43% -0.32%   -0.43% -0.49%
NZD 0.02% -0.04% 0.00% -0.05% 0.03% 0.39%   -0.09%
CHF 0.12% 0.04% 0.10% 0.04% 0.12% 0.49% 0.10%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).

 

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