Forex
globalreutersJune 14, 20241 Mins read
BOJ governor Ueda says will begin tapering bond purchases immediately after July meeting
globalreutersJune 14, 20241 Mins read - The size of cut in bond purchases is to be substantial
- The specific amount will be decided after listening to input from market participants
- Decided to put off tapering until next meeting to have discussion with market participants
This is taking the wind out of the sails in USD/JPY a fair bit, with the pair now down to 157.80 from around 158.15 when Ueda began speaking.
This article was written by Justin Low at www.forexlive.com.
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