BoJ's Wakatabe: Inflation target is important BOJ USDJPY
The Bank of Japan's deputy governor Masazumi Wakatabe has said the BoJ will continue to conduct monetary policy to achieve 2% inflation accompanied by wage growth.Global economy to slow temporarily but likely to pick up as inflationary pressure eases.Corporate inflation expectations shifting up somewhat.
There is absoutely no change to boj's commitment to continue monetary easing.Our monetary easing was clearly effective in propping up economy. If the bears get below the support structure near 128.30, then the outlook will remain bearish. However, if there is a bullish correction and a retest of the 129 area in a 38.2% Fibonacci, then should the bears move in, the focus will be on the 127.50s.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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