Japanese Prime Minister Fumio Kishida crossed the wires in the last hour and refrained from commenting on media reports that the Bank of Japan (BoJ) is set to allow 10-year Japanese government bond (JGB) yields to rise above 1%. The BoJ is scheduled to announce its policy decision this Tuesday and the announcement is expected to infuse some volatility across the JPY pairs.
Must continue to work with BoJ on economic policy.
Aware of media reports on BoJ policy meeting but will refrain from commenting.
Currencies have a big impact on measuring the size of the economy.
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