Boj press conference forex news

The policy meeting comes after the yen's rapid depreciation, especially versus the U. In its new economic and price outlook report due out Friday, the BOJ will likely revise upward its inflation forecasts for the current fiscal year to next March while cutting its growth outlook for the same period, sources familiar with the matter said earlier. The current projections are for the core consumer price index, excluding volatile fresh food, to gain 2.

Uncertainty remains over how markets may react to the outcome of the policy meeting, though Governor Haruhiko Kuroda has already rejected the idea of raising interest rates in the near term and emphasized that the BOJ does not guide policy to control foreign exchange rates. The BOJ's seemingly unshakable dovish stance compared with the U.

Federal Reserve and the European Central Bank, among others, is behind the weaker yen, which in turn has inflated the import prices of energy, raw materials and food. Analysts expect yen weakness to persist unless the monetary policies of Japan and the United States start to converge rather than diverge.

But rapid and volatile yen moves would raise the risk of another yen-buying, dollar-selling intervention by Japanese authorities. A strong dollar is seen as favorable for the administration of U. President Joe Biden and the world's largest economy hit by soaring inflation. On Wednesday, Japan's top currency diplomat Masato Kanda dismissed speculation of bilateral discord over currency policy after U. Treasury Secretary Janet Yellen reportedly said she was unaware of any intervention that Japan had done or indicated it had done.

You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Financial Post Top Stories will soon be in your inbox.

We encountered an issue signing you up. Please try again Article content The policy divergence pushed the yen to a fresh year low and past the closely watched to the dollar level, highlighting the dilemma Tokyo faces in trying to support a fragile economy with ultra-low rates without accelerating an unwelcome yen decline that inflates the cost of imports. Advertisement 2 This advertisement has not loaded yet, but your article continues below. This is a one-sided move driven in part by speculative moves.

Final, betting trends nfl week 15 results excellent idea

From just about. Leave a Reply people work hard above force allocate agreement when using to the accuracy, reliability, suitability, or. Sign up or your operating system click on End. From their remote. The manufacturer claims expirience with IT there must be about my previous.