Bank of Japan Governor Ueda
- Depending on size of U.S. tariff hikes, it could have big impact on each country’s trade activity
- U.S. tariffs likely to push up U.S. inflation near-term, but could weigh on U.S. prices longer-term by cooling U.S. economic growth
- Another big question is how U.S. tariffs could affect household, corporate sentiment, when gauging tariff impact on global economy
- We will likely have more information on U.S. tariff policy when finance leaders gather for IMF/G20 meetings later this month, so likely to share views and debate approach among policymakers
USD/JPY is sitting around its session high after having traded higher earlier:
This article was written by Eamonn Sheridan at www.forexlive.com.
Source link
