Kazuhiro Nishina Monetary Quotations

Market players had been refraining from selling the yen before the release of the CPI data. But now, they know that the BOJ is unlikely to change their current monetary policy for a while, and the United States continues to have higher interest rates than Japan.

Market players have been refraining from selling the yen before the release of the CPI data. But now, they know that the BOJ is unlikely to change their current monetary policy for a while and the United States continues to have higher interest rates than Japan.

While the US Fed appears to have shortened its commitment to rate hikes by deleting the word 'measured', the US monetary authority still implies there are good chances of more rate hikes beyond the March meeting.

And if the Bank of Japan does not end its super-loose monetary policy at this week's policy meeting, as expected, it may add more upward momentum to the dollar.