BOJ Dep Gov Uchida says need to closely watch FX markets

<p>Bank of Japan Deputy Governor Uchida repeating the comment from his boss, Governor Ueda earlier:</p><ul><li>the Bank needs to patiently continue monetary easing</li><li>Uncertainty high re Japan's economy</li><li>the Bank's decision in July to make the JGB 10 year yield target flexible is aimed at flexibility in responding to upside and downside risks</li><li>we are not in a situation where achievement of the BOJ's 2% inflation target is in sight</li></ul><p>And adds in an implied intervention threat on the yen::</p><ul><li> need to closely watch FX markets</li></ul><p>Ueda earlier:</p><ul><li><a href="https://www.forexlive.com/centralbank/bank-of-japan-governor-ueda-speech-full-text-patiently-maintaining-monetary-easing-20230925/" target="_blank" rel="follow" data-article-link="true">Bank of Japan Governor Ueda speech, full text. Patiently maintaining monetary easing.</a></li><li><a href="https://www.forexlive.com/centralbank/more-from-bank-of-japan-governor-ueda-aware-of-the-impact-of-weak-yen-on-firm-earnings-20230925/" target="_blank" rel="follow" data-article-link="true">More from Bank of Japan Governor Ueda: Aware of the impact of weak yen on firm earnings</a></li></ul>

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