Market Updates: BOJ Deputy Governor Weakens Japanese Yen (JPY)
Arslan Butt • 1 min read
The Bank of Japan remained in headlines during the Asian session and his remarks have weakened the JPY:
- Effects Of Easing Outweighing Costs See No Demerits That Warrant Ending Current Easy Policy
- Should Ease Policy Further Without Hesitation If Needed
- BoJ Has Tools Left To Ease Policy If Needed
The USD/JPY plunged more than 100 pips on Tuesday and here comes the first move from BOJ. For now, the market is likely to trade the Japanese Yen with the bearish sentiment.