Bank of Japan deputy governor, Uchida spoke publicly in Hakonde:
- BoJ will not raise rates unless the market is stable
- Market is buoyed by US data, US economy should experience soft landing, however
- Path for interest rates may depend on market situation
- Policy will remain defensive, even with several hikes
- Real interest rates still strongly negative
- Financial conditions remain strongly accommodative
- Personally thinks markets will calm down and think carefully about further moves due to the situation
- Economically than has not changed, only market conditions show that one must be prudent
- Consumer spending remains strong, but one should be careful about it
إبدأ بالإستثمار اليوم أو تدرّب على حساب تجريبي
إنشاء حساب حساب تجريبي تحميل تطبيق الجوال تحميل تطبيق الجوالThe market expects less than a 10bp hike this year. On the other hand, expectations for a hike have risen marginally since yesterday. A nearly full hike is priced in by January. Source: Bloomberg Finance LP, XTB
USDJPY is clearly weakening after Uchida's statement. The JPY is already losing 1.7% against the dollar. On the other hand, the yen's weakening has diminished as of 06:45 a.m. USDJPY is reacting to support at 146.5.
