BOJ governor Ueda: Next rate hike will depend more on price moves, less on economic growth

• We don’t want to wait until very large negative impact emerges from rate hike
• Would rather proceed with caution
• Gradually guiding policy out of ultra-loose conditions but without causing high inflation would be ideal
• No specific level in mind acting as a barrier for interest rates

And USD/JPY trades at around 155.45, just roughly 20 pips higher from when he started speaking over an hour ago. Here’s my takeaway to the more crucial part of his press conference today.

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