Yen gains amid speculation about BOJ policy adjustments
Tradehay.com: 30/01/2023 - 09:02
• The yen appreciates amid fresh speculation that the Bank of Japan may continue to cut monetary stimulus.
• Japan's currency strengthened after falling 0.3% previously. National governments and central banks should revise their joint policy statements to make the inflation target a long-term target, as recommended by a panel of experts including a potential deputy governor candidate.
• David Lu, director of NBC Financial Markets Asia in Hong Kong, said: “Policy recommendations from the panel may have fueled speculation about an extremely permissive policy change in the era of Kuroda.”
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