The yen has edged higher against the dollar amid remarks by Minister Jōnai (城内実) of State for Economic and Fiscal Policy, with USD/JPY trading in the upper ¥158 range. The remarks were reportedly made in the context that this is not an era for monetary easing.
Market participants reportedly took the view that yen buying advanced somewhat following remarks by Minister Jōnai (城内実) of State for Economic and Fiscal Policy. The article reports that USD/JPY was trading in the ¥158 range, from the lower to the upper end. The remarks indicated the view that this is not an era for monetary easing.
Following the remarks, USD/JPY was said to be trading around the ¥158.5 level, with their impact cited as a focus of attention in the foreign exchange market. Market participants are again focusing on the outlook for policy developments and the pace of monetary easing by the Bank of Japan.
The article, a breaking news report from Minkabu FX, focuses on movements in the yen following the remarks by Minister Jōnai (城内実). It indicates that the market is waiting for further remarks and updates on the market reaction.