BOJ governor Ueda: Uncertainties surrounding Japan’s economy, prices remain high

• Will keep adjusting the degree of easing if economic, price outlook is to be realised
• Must pay due attention to financial, FX markets and their impact on economy, prices
• Need to closely watch impact of overseas economies, including US economy as well
• To publish findings of long-term policy review after the December meeting
• Won’t hold preconceptions about timing of next rate hike
• Does not want to comment on FX moves

USD/JPY continues to keep lower around 152.80 levels now, not much changed from Ueda’s remarks. He’s not offering much of anything new, and that keeps a potential move in December on the table. But given the recent political considerations, they might be better off moving in January instead. And that could very well be their last move for a while in this part of the cycle.

This article was written by Justin Low at www.forexlive.com.