BoJ’s Ueda: Will patiently continue monetary easing with decided new measures

Bank of Japan (BOJ) Governor Kazuo Ueda is speaking at the press conference, held after its October policy meeting on Tuesday.

Additional quotes

Will patiently continue monetary easing with decided new measures.

Will closely scrutinize economy, price situation by examining wages and prices.

We are not in a situation to foresee sustainable and stable price increase.

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USD/JPY reaction to BoJ Ueda's remarks

In reaction to the above comments, USD/JPY is extending its upside, currently trading at 150.28. The pair is up 0.80% so far.