Yen Is in Line With Fundamental Trends, Says Former FX Chief
- Tatsuo Yamasaki says no big changes expected by BOJ this week
- Not much pressure on currency in either direction, he says
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No major changes in monetary policy are likely to come from the Bank of Japan’s meeting on Tuesday, so there shouldn’t be too much impact on the yen, former currency chief Tatsuo Yamasaki said in an interview.
Japan’s currency is in line with economic fundamentals, and there’s not much upward or downward pressure on it now, said Yamasaki, who is now a professor at the International University of Health and Welfare.