Japan’s Finance Minister Katsunobu Kato said on Wednesday that he “will closely monitor discussions at the Bank of Japan (BoJ) policy meeting next week.” Additional quotes Expect the BoJ to conduct monetary policy appropriately.
Speaking at the Bank of Japan (BoJ) branch manager meeting on Wednesday, Governor Kazuo Ueda said on that they “will raise rates and adjust degree of monetary support if improvement in economy and price conditions continues.” Additional quotes Will make a decision next week.
The GBP/USD pair attracts some sellers during the Asian session on Wednesday, albeit it lacks follow-through and remains well within the previous day's broader trading range.
Gold price (XAU/USD) struggles to capitalize on the previous day's bounce from a one-week low and meets fresh supply during the Asian session on Wednesday.
The Japanese Yen (JPY) struggles to gain any meaningful traction and languishes near a multi-month low against its American counterpart amid doubts over the Bank of Japan's (BoJ) rate hike plans.