The Yen Slips Once Again: Overview for September 14, 2023

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/USDJPY_15-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="USD/JPY analysis today" decoding="async" style="margin-bottom: 15px;" loading="lazy" /></div><p><a href="https://roboforex.com/beginners/info/charts/forex/usdjpy/" data-internallinksmanager029f6b8e52c="40" title="USD/JPY">USD/JPY</a> Sees Cautious Gains.</p>

<p>The Japanese yen, in tandem with the US dollar, is once more facing a decline, with the current USD/JPY exchange rate at 147.14.</p>

<p>The yen is hovering near its ten-month lows as investors reassess the monetary policy outlook of the Bank of Japan (BoJ) following recent statements made by the central bank's governor.</p>

<p>Kazuo Ueda, in a statement, mentioned that the central bank might consider discontinuing its long-standing practice of maintaining negative interest rates once a 2% <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a> rate is achieved. The response from the financial community was unanimous: such a statement appears more formal and conditional rather than indicative of immediate steps toward normalizing monetary policy.</p>

<p>In reality, Ueda's remarks were not provocative. He simply reiterated what has been known for some time: Japan's ultra-loose monetary policy is geared toward achieving a sustainable 2% inflation rate. When, or if, this objective is met, the central bank will revisit the fundamentals of its monetary policy. It is a declaration of intent in line with diplomatic tradition, suggesting little immediate action or change.</p>

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