Speculation grows that Jōnai (城内) and Katayama (片山) remarks will accelerate BOJ rate hikes; dollar-yen falls to the 158.30 area

The story

The yen was bought after Finance Minister Katayama (片山) said that U.S. President Trump had expressed concern about yen depreciation, sending dollar-yen down to the 158.3 area.

Earlier, reports said that Economic and Fiscal Policy Minister Jōnai (城内) had stated that this was not an era for monetary easing, fueling views that the BOJ would accelerate the pace of interest-rate hikes.

Markets are focusing on the relationship between BOJ policy and foreign exchange rates in response to remarks from Japan and the United States.

At a glance

USD/JPY trendFollowing Katayama's remarks, dollar-yen has fallen into the lower 158s.

SpeakerReports said Finance Minister Katayama (片山) had indicated concern about yen depreciation.

Policy accelerationFollowing remarks by Jōnai (城内), views that the BOJ will accelerate the pace of interest-rate hikes are spreading.

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Rising Policy Rates and the Transition to a World with Interest RatesStrongly related1 companies

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THE TOCHIGI BANK,LTD.The Transition to a World of Positive Interest Rates and Higher Policy Rates

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