Kazuo Ueda News

By Leika Kihara

Investing.com-- Most Asian currencies strengthened on Monday, while the dollar hovered near six-week lows as softer-than-expected U.S. payrolls data and less hawkish signals from the Federal Reserve drove up bets that the bank was done raising interest rates.

By Leika Kihara

By Leika Kihara

By Leika Kihara

By Leika Kihara

By Leika Kihara

LONDON — The dollar rose against the yen to an almost 11-month high on Monday following last week's gains, keeping traders focused on Japan intervention risks. The yen fell 0.17% to 148.66 per dollar, touching its lowest since late October and adding to Friday's declines after the BOJ maintained ultra-low interest rates, while Governor Kazuo Ueda stressed the need to spend more time assessing data before raising interest rates. The Japanese currency remained within striking distance of 150, a level which some market watchers saw as a line in the sand that would spur forex intervention from Japanese authorities similar to that of last year. «According to BoJ Governor Kazuo Ueda there was no sign yet of stable inflation on a sustainable basis so that the BoJ will patiently continue with monetary easing under the current framework. That was a clear dampener for the yen,» said Esther Reichelt, FX analyst at Commerzbank. A yen overshooting would be seen by many as a catalyst for renewed interventions to strengthen the Japanese currency, similarly to last year, she added. «It is possible of course that exactly such fears of interventions might have prevented a weaker yen for now». The dollar index, which on Friday touched an over six-month high, firmed at 105.64 and was last 0.06% higher. Last week, the Federal Reserve kept rates on hold at its policy meeting, but surprised markets by signalling U.S.

By Joice Alves

yen approached the closely watched 150 per dollar level on Monday and kept traders on intervention watch after the Bank of Japan and Governor Kazuo Ueda quashed hopes of any imminent move away from its stark ultra-loose monetary policy. In the broader currency market, the dollar was on the front foot, extending its gains from last week after a still-hawkish Federal Reserve surprised markets by signalling U.S. rates would need to stay higher for longer than initially expected. The yen fell to a more than 10-month low of 148.49 per dollar and remained within striking distance of 150, a level which some market watchers saw as a line in the sand that would spur forex intervention from Japanese authorities similar to that of last year's. The Japanese currency had fallen more than 0.5% on Friday after the BOJ maintained ultra-low interest rates and stuck to its dovish stance, while Governor Ueda similarly stressed the need to spend more time assessing data before raising interest rates. «I don't think the level matters that much and will be the trigger (for intervention).

(Reuters) — The Bank of Japan maintained ultra-low interest rates on Friday and a pledge to keep supporting the economy until inflation sustainably hits its 2% target, suggesting it was in no rush to phase out its massive stimulus programme.

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monetary stimulus, according to Reuters news report. The BOJ maintained a 0.1% interest rate and a target yield on 10-year government bonds of roughly 0% during the two-day meeting that ended on Friday, said Reuters in its news report.

Investing.com-- Most Asian currencies moved little on Friday as markets continued to fret over higher U.S. interest rates, while the yen came close to 10-month lows after the Bank of Japan maintained its ultra-dovish policy.

Markets are focusing on comments from Governor Kazuo Ueda's post-meeting briefing for clues on how soon the bank could phase out the massive stimulus programme of his predecessor. As widely expected, the BOJ maintained its short-term interest rate target of -0.1% and that for the 10-year bond yield around 0% at a two-day meeting that ended on Friday. It also left unchanged an allowance band of 50 basis point set either side of the yield target, as well as a new hard cap of 1.0% adopted in July. «Japan's economy is likely to continue recovering moderately,» the BOJ said in a statement announcing the decision, adding that inflation expectations have shown renewed signs of heightening. The BOJ's decision contrasts with those of U.S.

Investing.com-- Most Asian stocks moved in a flat-to-low range on Friday as markets continued to fret over rising interest rates, while Japan’s Nikkei tumbled amid uncertainty before a Bank of Japan meeting. 

Investing.com-- The Bank of Japan held interest rates at negative levels as widely expected on Friday, and said that it will continue with its current pace of asset purchases and yield curve control to stimulate the economy. 

By Leika Kihara

By Yoshifumi Takemoto and Leika Kihara

Investing.com-- Japanese consumer inflation grew above expectations in August, data showed on Friday, coming just a few hours before a Bank of Japan meeting that is expected to offer more cues on a potential move away from negative interest rates.

By Kantaro Komiya