-
USD/JPY Rebounds as BoJ Ueda Pledges to Support Economic Activity
USD/JPY continues to defend the rally following the US election as it attempts to retrace the decline from the monthly high (156.75), and the exchange rate may further retrace the decline from the yearly high (161.95) as Bank of Japan (BoJ) Governor Kazuo Ueda insists that ‘monetary policy will continue to firmly support economic activity.’ The Japanese Yen is under pressure as BoJ Governor Ueda states that ‘gradually adjusting the degree of accommodation in line with improvement in economic activity and prices will support long-term economic growth and contribute to achieving the price stability target in a ... (full story)