A senior official of the Bank of Japan (BOJ) crossed the cables in the last hour, citing the tariffs of the president of the US, Donald Trump, as a cause of the volatile movements of the market.
Key quotes:
- Markets, particularly US actions and long -term interest rates, are making volatile movements due in part to US tariff policy.
- Unlike the global financial crisis, we are not seeing a strong contraction of liquidity.
- The BOJ will continue to examine market developments and their impact on Japan and foreign economies.
Market reaction:
The Japanese yen (JPY) maintains its negative bias, which, together with a modest rebound of the US dollar (USD), keeps the USD/JPy well demanded just below the middle zone of 143.00.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
