BoJ intends to maintain easy monetary policy | 24 February 2023

24 February 2023, USD/JPY

BoJ intends to maintain easy monetary policy

USDJPY trading plan:

The Bank of Japan intends to maintain easy monetary policy and the government's energy assistance programme will hold down inflation, the central bank's governor Haruhiko Kuroda told a news conference at a G20 event. The governor expects inflation to be below 2% for fiscal 2023 and fiscal 2024, adding that Japan is no longer in a deflationary environment. Given that import prices have fallen, the Japanese government's energy assistance will aid in holding down inflation, Kuroda said. This is a negative signal for the Japanese yen.

Investment idea: buy 134.12 and take profit 134.90.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .