Japanese yen moves higher as Ueda talks up confidence in achieving inflation target ...Middle East

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Japanese yen moves higher as Ueda talks up confidence in achieving inflation target
Economy is progressing in line with our forecastOur confidence has grown in the achievement of price targetThis confirms economy is proceeding based on existing price outlookThere is no change in our stance to carefully examine price trendsCannot fully grasp impact of earthquakes in Western Japan region just yetIf you put together the remarks from his press conference so far today, there is a distinct narrative that he is pushing. That being the central bank is feeling "confident" about achieving the 2% inflation target, as the likelihood of that has "risen gradually".Yen traders are taking that as a cue from Ueda to mean that they will follow through with a policy change in March or April,

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