BOJ’s Kuroda: FX should move stably reflecting fundamentals

Dhwani Mehta FXStreet

Following the conclusion of his bi-annual meeting with the Japanese Prime Minister (PM), now Yoshihide Suga, on Wednesday, the Bank of Japan (BOJ) Governor Haruhiko Kuroda said that he did not discuss fx with the PM, Jiji News reports.

Additional comments

FX should move stably reflecting fundamentals.

Did not discuss anything specific on monetary policy with Suga.

Agreed with the PM that govt, BOJ will communicate closely, coordinate on the policy.

Market reaction

The yen was little affected by the above comments, as USD/JPY holds its narrow range above 105.00, up 0.20% on a daily basis.

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.

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