BOJ governor Ueda: Markets remain unstable moves have been volatile

August 23, 2024
-FCHFX

August 23, 2024 at 05:57AM

Closely monitoring market situation with high sense of urgency

When market moves are big, will consider how that affects our forecasts in deciding policy

The BOJ will next meet on 20 September and almost no one is considering a rate hike then. There is a minority quarter in markets anticipating a possible move in October next. But given the remarks above and how Ueda is stressing on markets being “unstable”, it doesn’t look like they are feeling comfortable to create more shocks with another rate hike.

This article was written by Justin Low at www.forexlive.com.

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