Intra-Day Market Moving News and Views
17 Oct 2014 01:33GMT
USD/JPY - ....... Statement from BoJ Kuroda, quote:
'there is no doubt BoJ will end QQE if Japan hits 2% inflation and this price level is maintained stably;
too early to debate exit strategy for QQE now, how to exit will depend on market, economic developments at the time;
talking about specific exit strategies now could cause confusion when communicating with market.'
While statement from BoJ Deputy Gov Iwata quote:
'BoJ is internally making ssimulations on exit strategy, but too early to consider one now;
Japan still half way in meeting boJ's 2% inflation target.'
Japan's FinMin Taro Aso said no plan now to review Japan's foreign reserves.
Friday will see the release of Japan's Tankan, Germany's whole price index, eurozone GDP, U.S. building permits and housing starts, Canada's CPI and preliminary U.S. University of Michigan sentiment.
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