BOJ’s Kuroda: The central bank will continue monetary easing for long period of time via YCC
|
“The Bank of Japan (BOJ) will continue monetary easing for long period of time via YCC, which had been made more sustainable, effective with the March policy review, the central bank Governor Haruhiko Kuroda said in his scheduled appearance in the Japanese parliament on Tuesday.
Additional comments
Personally, I feel Japan could have done better on structural reforms.
Govt successfully deployed flexible fiscal spending, which played key role in supporting Japan’s economy.
There is market talk higher US growth and rising US yields would push up US dollar vs. yen but that's hard to say as fx market moves on various factors.
BOJ’s policy review has allowed it to respond nimbly to risks as needed, such as by ramping up ETF buying, deepening negative rates.
USD/JPY jumps above 109.50
USD/JPY rebounds above 109.50, tracking the bounce in the US dollar across the board. Kuroda’s comments add to the gains in the spot.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.