Japan PM Kishida refrained from talking down USDJPY Tuesday, will he today? Rate near 150

<p> Japanese Prime Minister Fumio Kishida spoke in a TV interview on Tuesday, rsisting the urge to to jawbone USD/JPY lower. </p><p> He was asked in a television about the yen’s recent decline to around 150 against the US dollar and answered in very generic terms:</p><ul><li>

“While it’s up to the Bank of Japan to decide on specific monetary policy means, the government and the central bank have always communicated closely in pursuing policies,” </li><li>

“We’ve agreed to each strive towards achieving economic growth accompanied by structural wage increases and stable inflation. It’s important for the government and the BOJ to continue working closely together,” </li><li>government will take steps to pull Japan permanently out of deflation</li><li>“I expect the BOJ to guide monetary policy appropriately based on this understanding” </li></ul><p>Nothing at all on yen levels from him. </p><p>Perhaps look out for Kanda or Suzuki today. Or both. </p><p>Earlier from Japan:</p><ul><li><a href="https://www.forexlive.com/centralbank/the-bank-of-japans-own-inflation-measure-has-hit-2-this-is-the-boj-target-20231024/" target="_blank" rel="follow" data-article-link="true">The Bank of Japan's own inflation measure has hit 2%. This is the BOJ target.</a></li></ul><p>USD/JPY is almost a flat line just under 150:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.