Japan's PM Kishida: BoJ's policy does not aim to manipulate exchange rates

Japan's Prime Minister Fumio Kishida, speaking to members of Parliament this Wednesday, said that the Bank of Japan's (BoJ) monetary policy is not aimed at guiding foreign exchange rates in a certain way. Kishida added that his government expects the BOJ to take appropriate monetary policy and to share its views with the government.

Market Reaction:

Kishida's remarks do little to influence the Japanese Yen (JPY) or provide any meaningful impetus to the USD/JPY pair, which trades with a mild negative bias around the 148.25 region, down less than 0.10% for the day.