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Japan’s Kato: Up to Bank of Japan (BoJ) to decide on monetary policy

Japan’s Finance Minister Katsunobu Kato reiterated on Friday that it’s “up to the Bank of Japan (BoJ) to decide on monetary policy..”

He further noted that he “expects the BoJ to conduct monetary policy appropriately to achieve the 2% inflation target.”

Market reaction

USD/JPY is maintaining the bounce to trade near 155.30 following these above comments, flat on the day.

Breaking: China’s economy grows 5.4% YoY in Q4 2024 vs. 5% expected

China’s economy grew 5.4% over the year in the fourth quarter of 2024 after reporting a 4.6% expansion in the third quarter, the official data published by the National Bureau of Statistics (NBS) showed on Friday.
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Japanese Yen pulls back after touching nearly one-month high against USD

The Japanese Yen (JPY) attracts some intraday sellers after touching a nearly one-month top against its American counterpart during the Asian session on Friday.
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