Following the Bank of Japan’s (BoJ) first historic interest rate hike at the March policy meeting, Governor Kazuo Ueda is addressing a post-policy meeting press conference on Tuesday. 

The Japanese Yen remains under intense selling pressure after the expected rate hike by the BoJ. The decision was in line with the market reaction and, hence, triggered a ‘sell the fact’ reaction in the domestic currency, sending USD/JPY sharply through the 150.00 level. 

BoJ press conference key highlights

Judged sustainable, stable achievement of 2.0% inflation target comes in sight.

Accommodative conditions will firmly underpin economy, prices.

Will consider options for easing broadly including ones used in past if needed.

Important to keep easy environment in place considering distance to 2% target in terms of inflation expectations.