The newly elected Japanese Prime Minister Takaichi is speaking on the BOJ and government.
BoJ’s monetary policy is part of broader economic policy, which government holds responsibility
It’s most important that BoJ, Govt communicates closely and coordinate policy
Specific means of monetary policy up to BoJ to decide
Want to communicate closely with BoJ
BoJ’s 2% inflation target should be met not just through cost-push factors but price rises accompanied by wage gains
Hope BoJ conducts appropriate monetary policy to stably, sustainably achieve its inflation target
No immediate plan to revise Govt-BoJ joint agreement on economic policy
Want to deepen relationship of trust with President Trump through frank exchange of opinions
The USDJPY has moved higher on the day, but is coming off highs for the day. Technically, the price high today did stall at a technical swing area near 152.11. However, on the downside, a move below the 200 hour MA at 151.496 is still needed to disappoint the buyers,and give sellers more confidence/control. Absent that and the buyers are still in firm control..
This article was written by Greg Michalowski at investinglive.com.