Japanese Prime Minister Fumio Kishida again crossed the wires on Friday, via Reuters, by saying, “Aiming to achieve inflation target with BOJ’s monetary easing, government’s structural reforms, fiscal policy.”
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Expect BOJ to keep up with monetary policy with inflation target.
Specific monetary policy tools are up to BOJ to decide.
USD/JPY picks up bids
Following the news, USD/JPY consolidates daily losses around 126.80. It’s worth noting that the prices remain pressured around monthly low amid broad US dollar weakness.
Also read: USD/JPY finds a mild bounce from 126.70, weakness looks likely on vulnerable DXY
