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- Japan PM Kishida: Specifics of monetary policy should be carried out by BoJ
Japan PM Kishida: Specifics of monetary policy should be carried out by BoJ
Japan's Prime Minister Kishida is crossing the wires and has said that the appointment of Ueda as the new Bank of Japan governor was made after considering the market impact.
Key comments
He expects the new governor to keep appropriate monetary policy taking into account of economy, inflation and market situations.
Ueda is the greatest person to lead boJ because he is a well-known economist around the world.
USD/JPY update
The daily chart sees the price correcting towards the W-formaiton's neckline while it rides trendline support with eyes back there for a restest as the price fails to convince above 132.50 support, so far. A break of 132.50 opens the risk of a move to 100 pips lower to the neckline.
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