Bank of Japan holds ultra-easy policy, uncertainty on exit, yen weakens against the U.S. dollar.

Bank of Japan’s Ueda indicates uncertainty on exit policy, maintains current approach, expresses doubt on 2% inflation target. Monetary policy leans towards easier measures, impacting Japanese Yen.

#BankofJapan‘s #Ueda:
‘can’t say what an exit policy will entail.’
‘patiently continue’ with current policy.
‘we’re not at the stage where we can see with certainty the 2% inflation target will be met.’
Ueda had several opportunities to meaningfully adjust #monetarypolicy to… pic.twitter.com/APHSMRckhw

— jeroen blokland (@jsblokland) December 19, 2023

The Bank of Japan sticks with NEGATIVE interest rates.

It is a total circus.

— Gold Telegraph ⚡ (@GoldTelegraph_) December 19, 2023

BREAKING 🚨: Japanese Yen

U.S. Dollar soaring against the Japanese Yen after the Bank of Japan maintained its ulta-easy monetary policy pic.twitter.com/7xSekCReMc

— Barchart (@Barchart) December 19, 2023