BOJ’s Amamiya: Important to continue current powerful easing to firmly back economy, people's livelihood

“Long-term interest rates have been stable since adoption of fixed-rate operations,” said Bank of Japan Deputy Governor Masayoshi Amamiya per Reuters.

Also read: Japan’s FinMin Suzuki: Carefully watching FX impact on economy with sense of urgency

Additional comments

Rapid FX moves as seen recently could heighten uncertainty over the outlook.

Should not link BOJ monetary policy with the term of a BOJ governor.

FX reactions

Hints of sustained easy money policies join upbeat market sentiment to keep USD/JPY firmer around the intraday high near 129.35.

Read: USD/JPY crosses 129.00 as yields recover ahead of US Retail Sales, Fed’s Powell