The Bank of Japan (BOJ) board member Toyoaki Nakamura said Wednesday, “Japan's economy remains in a severe state but picking up as a trend.”
Additional comments
“Japan consumer inflation likely to gradually accelerate as economy recovers.”
“Japan's economy likely to recover as pandemic impact begins to ease.”
“Japan's exports likely to increase steadily on robust global demand, recovery in capex.”
Market reaction
USD/JPY is closing in on the 110.00 level, thanks to the advance in the US Treasury yields, which drives the dollar northward.
The spot was last seen changing hands at 109.80, up 0.16% on the day.
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USD/JPY makes progress toward 111.00 as US Treasury yields rise