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Governor Ueda’s First International Appearance Reveals The Bank Of Japan’s Influence

Market Depth

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The Yen Is a Payer Trade

The yen is influenced by many factors other than our monetary policy, including the policies of these three banks. Governor Ureid is taking direct shots at the three other major central bankers sitting right next to him. If he genuinely thinks that the Fed, the ECB and the Bank of England are not overtightening in their given circumstances, then presumably should Japan's CPI continue to trend towards US, UK, and your zone levels higher? Then would he therefore take similar actions for the Japan rate policy and just rip them higher as well?

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