- Won’t rule out reconsidering target at some point in the future
- Pace of future rate hikes depends on data, other information
- Will review outlook by looking at data towards early April
He’s nearing the end of the press conference already and the yen has gained over the past hour amid all the remarks. It started off with a more guarded tone as he only said that the spring wage negotiations were as expected. That saw USD/JPY nudge towards 150.00 briefly before he started talking up wage developments. The pair is now up just 0.1% on the day to 149.36. All in all, a move in May isn’t ruled out but he’s not being too pushy about it either. I reckon we’ll have to wait and see the impact of Trump’s tariffs in April to get a better idea.
This article was written by Justin Low at www.forexlive.com.
