Comments from Bank of Japan Deputy Governor Iwata, appearing in the Japanese parliament today:
- Does not see any risks posed by possible rate hikes by Fed or BOE
- It is possible that FX markets have fully priced in rate hikes by other central banks
- Says the BOJ is conducting monetary policy to meet price target, not to target FX
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All right, you lot.
Yes, you, the FX market!
Have you fully priced in rate hikes by other central banks?