Bank of Japan's Adachi denies speculation of ending negative interest rates

<p>Earlier today we had comments from Bank of Japan Policy Board Member Adachi:</p><ul><li><a href="https://www.forexlive.com/centralbank/boj-official-says-yet-to-see-positive-wage-inflation-cycle-easy-policy-to-remain-20231129/" target="_blank" rel="follow" data-article-link="true">BOJ official says yet to see positive wage-inflation cycle – easy policy to remain</a></li></ul><p>Adachi effectively stuck a floor under USD/JPY for the session with his denial that Governor Ueda is looking for ways to end the Bank's negative interest rate policy as a report in Japanese media yesterday stated:</p><ul><li><a href="https://www.forexlive.com/centralbank/japan-media-groundbreaking-for-the-end-of-boj-negative-interest-rates-has-finally-begun-20231127/" target="_blank" rel="follow" data-article-link="true">Japan media: Groundbreaking for the end of BOJ negative interest rates has finally begun</a></li></ul><p>Adachi emphasized that:</p><ul><li>recent tweaks to YCC were not policy change</li><li>now is not the time to say the Bank's inflation target has been met</li><li>policy will remain easy</li></ul><p>USD/JPY is back above 147.00. For now at least:</p>

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