Bank of Japan Governor Ueda has stated that the central bank will continue to raise interest rates if economic conditions and price developments align with the bank’s forecasts. He emphasised that this policy stance depends on moderate rises in both wages and prices.

For forex traders, this signals a potential continuation of monetary tightening by the Bank of Japan, which could influence the yen’s strength against other currencies, especially if inflation and wage growth remain on target.

Original Source: Eamonn Sheridan of investinglive.com