BOJ’s Kuroda: Central bank’s ETF buying aimed at supporting economy

Dhwani Mehta FXStreet

The Bank of Japan’s (BOJ) ETF buying may have helped push up stock prices, but the move, as well as our monetary easing steps, are aimed at supporting the economy, the central bank Governor Haruhiko Kuroda said on Wednesday.

Additional comments

Frequency, size of BOJ’s ETF buying have recently fallen quite a bit.

Don't think BOJ’s ETF buying is distorting Japan’s stock market.

BOJ is buying ETF as part of comprehensive package to support economy, prices.

No plan now to end BOJ’s stimulus programmes, including its ETF buying.

Latent profits on BOJ’s ETF holdings currently stands around 12-13 trillion yen.

Based on rough estimate, BOJ’s ETF holdings won't incur latent losses unless the Nikkei average falls below 21,000.

USD/JPY jumps towards 108.00

USD/JPY trades around 103.70, recovering from a dip to 103.58 lows. The spot adds 0.12% on the day ahead of the US durable goods data and the Fed decision.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

EUR/USD looks apathetic around 1.1770

EUR/USD comes under renewed pressure on Tuesday, deflating below the 1.1800 support and reversing two consecutive days of gains. The pair’s decline follows the persistent move higher in the US Dollar, as trade uncertainty dominates the sentiment ahead of President Trump’s SOTU speech.

GBP/USD regains 1.3500 and above

GBP/USD extends its advance for the third day in a row on Tuesday, this time retesting the area beyond the 1.3500 hurdle. Cable’s uptick comes despite decent gains in the Greenback and the dovish message from the BoE’s Bailey at the UK Parliament.

Gold appears offered around $5,150

Gold is giving back a good portion of the recent multi-day rally, receding to the $5,150 zone per troy ounce amid the decent bounce in the US Dollar and mixed US Treasuty yields. In the meantime, markets’ attention remain on upcoming comments from Fed speakers.

Ripple’s DeFi shift in focus: Navigating XRPL EVM sidechain growth, XRPFi migration and liquidity

Ripple (XRP) has continued to trade under pressure, extending its decline by approximately 63% from the record high of $3.66 in July. The remittance token is trading above support at $1.35, while its upside appears limited by key supply zones, starting with $1.40, at the time of writing on Tuesday.

The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.