Yen Jumps on Report of Kishida Flexibility on Monetary Policy

From bnnbloomberg.ca

The yen opened the week higher after Kyodo News reported Japan’s Prime Minister Fumio Kishida was planning to revise a 10-year-old accord with the Bank of Japan with the potential to add flexibility around the 2% inflation goal. The currency strengthened as much as 0.6% early Monday to 135.79 per dollar as traders got their first chance to respond to the comments reported by Kyodo on Saturday, citing unidentified government sources. Should they be confirmed, they would contrast with comments from Kishida in June, when he said he expected the BOJ to stick to its 2% inflation target. The yen’s been the ... (full story)