A senior Bank of Japan (BOJ) official said on Tuesday, the Japanese central bank will take appropriate steps as needed by looking at the impact of fx moves on Japan’s economy and long-term price trend. Additional quotes: BOJ does not guide monetary policy to influence fx market. BOJ will carefully watch market moves, including fx. BOJ is not targeting yen with monetary policy. Market implication: The comments have virtually no impact on the yen markets, as USD/JPY remains driven by the broader market sentiment. The risk recovery is seen as the main theme so far this Tuesday following Monday’s bloodbath across the financial markets amid rising coronavirus deaths in Italy, South Korea and Iran. With a bounce in the US Treasury yields, USD/JPY is looking to regain the 111 level, currently trading at 110.87, up 0.16% on the day. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin Cash Price Analysis: BCH/USD leg to $400 cut short at $380 FX Street 2 years A senior Bank of Japan (BOJ) official said on Tuesday, the Japanese central bank will take appropriate steps as needed by looking at the impact of fx moves on Japan’s economy and long-term price trend. Additional quotes: BOJ does not guide monetary policy to influence fx market. BOJ will carefully watch market moves, including fx. BOJ is not targeting yen with monetary policy. Market implication: The comments have virtually no impact on the yen markets, as USD/JPY remains driven by the broader market sentiment. The risk recovery is seen as the main theme so far this Tuesday following Monday’s bloodbath… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
