U.S. Secretary of State Blinken will meet with the Egyptian President in Cairo at 10 a.m. local time.

Bank of Japan Governor Kazuo Ueda: We could have waited for the inflation rate to stay at 2% for a long time before withdrawing large-scale stimulus measures, but this may lead to a sharp increase in the upward risks to the price outlook.

USD/JPY fell more than 20 points in the short term and is now at 150.39.

Bank of Japan Governor Kazuo Ueda: Medium- and long-term inflation expectations are moving towards the 2% target.

Bank of Japan Governor Kazuo Ueda: Recent wage negotiation data indicate that companies have confirmed the strengthening of the wage inflation cycle.

Bank of Japan Governor Kazuo Ueda: If we wait too long, the upside risks may be greater.

Bank of Japan Governor Kazuo Ueda: Cost-push inflationary pressures have weakened, but service prices are still rising moderately.

Bank of Japan Governor Kazuo Ueda: The Bank of Japan will continue to firmly support the economy and inflation.

The Australian dollar AUD/USD rose 0.5% to 0.6620.

Bank of Japan Governor Kazuo Ueda: Loose monetary policy is expected to support the economy.

Japanese Finance Minister Shunichi Suzuki had no comment when asked about currency intervention.

Japanese Finance Minister Shunichi Suzuki: It is very important to stabilize exchange rate fluctuations and pay close attention to exchange rate fluctuations with a high sense of urgency.

Japanese Finance Minister Shunichi Suzuki: Will not comment on exchange rate levels.

According to the Washington Post: The United States will review Israel’s assurances not to violate international law.

Tokyo Electric Power Company: The Ibaraki earthquake did not cause any abnormalities at the nuclear power plant.

SK Hynix rose 7%, driven by strong guidance from Micron Technology (MU.O).

The Australian dollar AUD/USD rose 15 points in the short term and is now at 0.6601.