# New BOJ chief vows to stick to ultra-loose policy for now

> The dollar rose to 133.055 yen, its highest since April 4, as expectations of a near-term tweak to Japan's ultra-loose policy receded. New BOJ governor Ueda vowed to keep the ultra-loose policy for now.

- Date: 2023-04-10 · published 2023-04-10T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/36634-new-boj-chief-vows-to-stick-to-ultra-loose-policy-for-now
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Steady ultra-loose policy keeps the yen weak and supports a firmer dollar, which slightly raises the yen cost of dollar-priced feed imports.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/world/asia-pacific/japans-new-central-bank-chief-assumes-office-global-risks-loom-2023-04-10/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.