Nomura rated Ueda's comments on Wednesday as being enough to move its forecast for a Bank of Japan interest rate hike from March to January.
The BoJ will meet on 23 and 24 January.
Nomura also moved its forecast for the next BoJ rate hike to July, from ocot previously.
ICYMI, Ueda's comments sent the yen higher in Tokyo afternoon:
- BoJ Gov Ueda says he will raise rates if economic & price conditions continue to improve
- More from Bank of Japan Governor Ueda – lots of good talk about wage increases
JPY gained after Ueda (arrow) and continued to do so. It also benefited from overnight USD weakness:
This article was written by Eamonn Sheridan at www.forexlive.com.
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