11.06.202600:26 Forex Analysis & Reviews: Head of the Bank of Japan, Kazuo Ueda, Hospitalized. How Will the Meeting Proceed in His Absence?

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

An official release from the Bank of Japan states that Kazuo Ueda has been hospitalized. Furthermore, Ueda will not be able to participate in the two-day monetary policy meeting scheduled for June 15 and 16. The meeting will be led by Deputy Governor Ryozo Himino, while another deputy, Shinichi Uchida, will hold the press conference after the decision is made.

There is currently no additional information about Ueda's health; however, the central bank indicated that he is likely to remain in the medical facility for about two weeks. It is expected that the BoJ will raise interest rates by 25 basis points at its June meeting, bringing the base rate to 1%—the highest level in more than three decades.

The table below shows the percentage change of the Japanese yen against key global currencies traded on the exchanges as of Wednesday. The Japanese yen has demonstrated the strongest performance against the Australian dollar.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.