Hirokazu Matsuno, the head of the cabinet of Japan, stated on Monday that he “expects the Bank of Japan (BoJ) to continue with appropriate monetary policy, taking into consideration economic, pricing, and the financial circumstances.”
As for the yields on Japanese Government Bonds (JGBs), Matsuno stated that he does not wish to remark.
At 128.63, up 0.60% on the day, USD/JPY is correcting farther away from eight-month lows of 127.24. The BoJ’s policy decision on Wednesday is widely anticipated.
