Yen solid on remarks by BoJ’s Nagakawa

The USDJPY currency pair lost ground for the second consecutive day, trading around 141.20 during the Asian hours on Wednesday, as the Japanese Yen (JPY) remains solid following remarks from Bank of Japan board member Junko Nagakawa. The BoJ board member stated that the central bank may adjust the extent of its monetary easing if the economy and prices align with its projections. Despite the rate hike in July, real interest rates remain deeply negative, and accommodative monetary conditions persist. Should long-term rates surge, the BoJ may reconsider its tapering plan during its policy meetings, as necessary. The downside of

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Yen solid on remarks by BoJ’s Nagakawa

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