Intra-Day Market Moving News & Views USD/ JPY

Intra-Day Market Moving New and Views

08 Aug 2014   07:34GMT

USD/JPY - ... Statement from BoJ Governor Haruhiko Kuroda's comments at the press conference, quote :

don't see direct impact now from geopolitical risks on Japan's economy;
economy is unlikely to slow below potential growth of around 0.5 pct;
correction of excess yen strength has been very positive for Japan's economy;
no reason for yen to gain strength;
current fall in real wages due to effects of sales tax hike, should be temporary;
don't know if current account deficit will last indefinitely

exports, industrial output have shown weakness recently;
Japan econ continues moderate recovery despite decline in demand after sales tax hike;
Japan econ to continue moderate recovery, decline in demand after sales tax hike to fade;
effects of decline in demand after sales tax hike are gradually easing;
need to carefully monitor decline in real wages;
expect economy to remain in positive cycle due to consumer spending and corporate investment;
cyclical and temporary factors are behind recent weakness in exports
overseas economies continuing to grow mainly based around advanced economies
CPI likely to hit 2 pct around middle of forecast period between fiscal 2014-2016;
overseas economies continuing to grow mainly based around advanced economies;
CPI likely to hit 2 pct around middle of forecast period between fiscal 2014-2016;
private consumption to stay firm due to improvement in jobs, income conditions;
effects of decline in demand after sales tax hike are gradually easing;
virtuous cycle of economic activity continues to operate firmly;
QQE has been exerting its intended effects;
will continue with QQE as long as necessary to achieve 2 pct price target in a stable manner;
will examine both upside, downside risks to economy and make adjustments as appropriate;
CPI likely to hit 2 pct around middle of forecast period between fiscal 2014-2016;
monetary policy will not be influenced just by month-to-month moves in prices;