Comments from Bank of Japan Deputy Governor Iwata, appearing in the Japanese parliament today:
- Does not see any risks posed by possible rate hikes by Fed or BOE
- It is possible that FX markets have fully priced in rate hikes by other central banks
- Says the BOJ is conducting monetary policy to meet price target, not to target FX
All right, you lot.
Yes, you, the FX market!
Have you fully priced in rate hikes by other central banks?