However, in statements broadcast on Nippon TV, Ueda stated that lThe current monetary policy of the Central Bank was adequate and should continue.
The dollar fell 1.2% to 129.8 yen, subsequently loses 0.5% to 130.90 yens. He euro and pound sterling they arrived aplose more than 1% against the yenbut then traded 0.6% lower, at 140.34 and 158.53 yen, respectively.
He bank of japan surprised markets in December, when raised the limit on public debt yields to 10 years from 0.25% to 0.5%, doubling the band you would allow above or below your target of zero.
Since then, there has been speculation that the Bank of Japan will adjust or remove your yield curve control policyalthough at its last meeting it refrained from introducing changes.
BOJ Deputy Governor, masayoshi amamiyahad been the leading candidate for the governorship, but the Nikkei reported that he had turned down the post.
The government is expected present the candidates for Parliament on February 14.
The dollar index, which measures the greenback’s performance against a basket of six currencies, including the yen, trades at 103.29, with few changes. For the week, the index is heading for a 0.2% risewhich would mean his second consecutive week of earningsa streak he hasn’t had since October.
The pound remains stable at 1.2118 dollarss, after the UK managed to avoid a technical recessionwith zero growth in the economy in the last three months of 2022.
He euro down 0.1% to $1.0726 and was headed for its second straight week of losses.
Source: Ambito
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