On Tuesday (December 6), the latest price of USD to JPY was 137.02, and the opening price was 136.81. Kuroda made the comments when asked about recent comments by BOJ board member Naoki Tamura. Naoki Tamura said the BOJ should review its monetary policy framework and adjust its massive stimulus program based on the results. ”
The release of third-quarter gross domestic product (GDP) data will be significant. On an annualized basis, Japan’s gross domestic product is expected to contract by 1.1%, compared with a contraction of 1.2% previously. Also, the quarterly data is expected to contract by 0.3%, similar to the previous reading. The contraction in Japan’s gross domestic product could force the Bank of Japan to take more easing.
USD/JPY was last traded down 0.17% at 136.50, hurt by a simultaneous decline in the greenback and Treasury yields.
