Bank of Japan Governor Ueda testimony in parliament, read from the bottom up for chronology:


Bank of Japan Governor Ueda gave his semi-annual testimony to parliament today. Ueda spoke extensively on the economy and policy outlooks but the key takeaway was, unsurprisingly, that the BOJ will “patiently maintain easy policy”. Ueda said an exit would be considered when the Bank can expect inflation to stably and sustainably hit price target.

I’ve grouped Ueda’s comments spread across separate posts together above for easy reference.

USD/JPY did very little on the session, other major-traded FX rates were the same. Small ranges prevailed, with traders seemingly content to wait it out until the weekend.

usdyen wrap chart 17 November 2023