Kazuo Ueda News

Investing.com-- The Japanese yen fell sharply on Tuesday after the Bank of Japan maintained its ultra-dovish stance and offered no cues on a planned pivot, while broader Asian currencies were muted as a post-Federal Reserve rally cooled. 

With the Bank of Japan being the last major central bank decision left for this year and the last important macro releases of the year to come this week, the USD/JPY is the featured currency pair of the week.

Investing.com-- The Bank of Japan left interest rates in negative territory as widely expected on Tuesday, and said it will continue with its yield curve control measures to support Japanese economic growth. 

By Leika Kihara

By Rae Wee

Investing.com-- The Bank of Japan is widely expected to maintain interest rates at negative levels later on Tuesday, amid continued signals from central bank officials that they are in no hurry to tighten policy.

By Jamie McGeever

BOJ) kicked off its two-day monetary policy meeting, with traders nervously awaiting a decision on whether the dovish central bank could finally unwind its ultra-loose monetary settings. In the broader market, currencies started the week on a cautious note after large swings last week mainly driven by a slew of central bank meetings, which included rate decisions from the Federal Reserve, the European Central Bank (ECB) and the Bank of England (BoE). The yen fell 0.2% to 142.41 per dollar in early Asian trade, reversing some of the nearly 2% gain it made last week on the back of the dollar's decline. The Japanese currency has had a volatile few weeks as markets struggle to get a grip on how soon the BOJ could phase out its negative interest rate policy, with comments from Governor Kazuo Ueda earlier this month initially sparking a huge rally in the yen. That was later reversed on news that a policy shift was unlikely to come as early as December, and investors now await Tuesday's BOJ decision for further clarity on the bank's rate outlook. «The meeting will be relevant and important in terms of what the BOJ does, and there are some in the market that still expect that maybe there's a surprise,» said Rodrigo Catril, senior FX strategist at National Australia Bank. «We tend to lean to the idea that they're still on wait-and-see mode… for more evidence, in particular the labour market and wages growth are rising towards the 2% level, at the minimum. »The best case scenario would be for the bank to set the stage for things to come in 2024, conditional on these economic outcomes being delivered." Against the euro, the yen edged 0.1% lower to 155.11.

By Tetsushi Kajimoto

A look at the day ahead in European and global markets from Kevin Buckland

The dollar rose about 0.9% on the yen overnight. At 145.96 yen it is about 3% above a low touched last week after remarks on the challenging outlook from Bank of Japan Governor Kazuo Ueda were taken as a hint that a policy shift was imminent. Bloomberg reported on Monday, citing sources, that BOJ officials see little need to rush out of negative rates, triggering a reversal of the yen's rally and gains in Japan's stock and government bond markets.

Investing.com — Most Asian currencies moved little on Friday as traders positioned for a potentially softer U.S. nonfarm payrolls reading, while the yen sat near a four-month high to the dollar tracking hawkish signals from the Bank of Japan. 

World shares are mostly higher ahead of a U.S. jobs report after Wall Street rose Thursday to snap its first three-day losing streak since Halloween

The sizzling global bond rally stalled on Thursday ahead of a key U.S. jobs report, with a slump in Japanese debt adding to the nerves of Treasury traders already fretting that yields had dropped too far.

By Marc Jones

Investing.com — The dollar dipped in European trade on Thursday, as markets remained on edge before key U.S. labor data, while the yen appreciated as Bank of Japan Governor Kazuo Ueda offered more cues on a potential pivot away from the central bank’s ultra-dovish stance. 

By Amruta Khandekar and Shristi Achar A

By Leika Kihara and Takahiko Wada

By Leika Kihara

By Tetsushi Kajimoto and Kentaro Sugiyama

Investing.com-- The Japanese economy shrank more than expected in the third quarter as sticky inflation and a weak yen dented private spending, while demand in the country’s biggest export destinations also worsened.