Tokiko Shimizu, Executive Director of the Bank of Japan (BoJ), stated on Wednesday that it is “appropriate to continue easing policy for the time being.”
CPI growth is expected to slow to less than 2% by the middle of FY2023.”
“Will pursue appropriate policy with a 2% inflation target in mind.”
Shimizu BoJ statement reaction on market
Based on the comments above, the USDJPY is surging towards 135.00. Following hot UK inflation data, the US Dollar is also gaining traction on the upside, despite a dent in risk sentiment. The spot price is 134.68, up 0.44% on the day.
