BOJ's Noguchi: BOJ may be able to begin debate on strategy for hitting price target around end of 2021

Author: Greg Michalowski | Category: Central Banks

BOJ Noguchi speaking

It is not often we get BOJ headlines in the NY session, but BOJ Noguchi is on the wires saying:
  • BOJ may be able to begin debate on strategy for hitting price target around the end of 2021
  • BOJ must focus on economies trend if deciding on easing more, look at wages, jobs, output gap
  • ease without hesitation if shock event pushes economy into severe downturn
  • if DOJ were to ease further, it could cut interest rates, ramp up asset buying or extend ration of yield it targets
  • commitment to keep increasing base money until inflation stably exceeds 2% 'doesn't have a strong effect' on public perceptions
The USDJPY has just dipped below the 100 day MA at 109.567,and tests the  low from July 7 at 109.527.  Staying below the 100 day moving average increase the bearish bias.  

USDJPY falls below its 100 day moving average
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