August 07, 2024 at 03:01AM
Bank of Japan deputy governor Uchida spoke:
BOJ deputy governor Uchida says the Bank’s interest rate can change if needed
USD/JPY surging on Ushida speech
More from BOJ dep Gov Uchida: Appropriate to adjust degree of monetary easing
The comments sound like a Bank mulling pulling back on hikes. This is pretty clear, via Bloomberg:
And, if you are in doubt:
USD/JPY raced to a high above 147.45.
Its dropped a big figure from there like 5 minutes.
Wild times.
This article was written by Eamonn Sheridan at www.forexlive.com.
Didn’t take much for yen to collapse: BOJ official says won’t raise rates if mkt unstable