The Bank of Japan (BoJ) Governor Haruhiko Kuroda was out with some comments in the last hour, saying that risks to the economy and prices remain skewed to the downside.
- The Japanese economy in a severe situation but picking up as a trend.
- The Japanese economy will continue improving.
- Prices will turn positive and accelerate as the economy improves.
- Will persistently continue with powerful easing towards the 2% inflation target.
The comments did little to influence the Japanese yen or lend any support to the USD/JPY pair, which remained depressed below the 109.00 mark, or three-week lows amid sustained USD selling bias.
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