BOJ’s Kuroda: Too early to debate specifics on how to exit easy policy

Dhwani Mehta FXStreet

Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Thursday, its “too early to debate specifics on how to exit easy policy.”

Additional quotes

If inflation approaches BOJ’s 2% target, BOJ’s policy-setting board will disclose stance on how to exit from easy policy.

When BOJ considers exit from easy policy, it will do so ensuring markets remain stable.

Even if the impact of cellphone fee cuts dissipates and effect of energy price rises are reflected in CPI, don't expect inflation to stably achieve BOJ’s 2% target yet.

Given price developments in Japan, BOJ will sustain the current massive stimulus programme.

Market reaction

USD/JPY was last seen trading at 118.77, up 0.05% on the day. Falling yields, the US dollar and negative S&P 500 futures weigh on the major.

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.

AUD/USD keeps the red near 0.6950 after weak Aussie jobs data

AUD/USD holds losses near 0.6950 on disappointing Australian jobs data, extending the previous day's retracement slide from the monthly high and hitting a fresh weekly low during Thursday’s Asian session. Meanwhile, declining US bond yields drag the US Dollar away from the April 2025 high, touched after Wednesday's hot US CPI, helping limit losses for the currency pair.

USD/JPY slides back below 158.00 as USD reverses post-CPI gains

USD/JPY extends the previous day's pullback from a three-week high, attracting follow-through selling and sliding below 158.00 during Thursday's Asian session. Traders remain on high alert amid speculation that authorities will step in to prop up the Japanese Yen. The US Dollar, meanwhile, reverses Wednesday's hot CPI-led gains to April 2025 highs as US bond yields retreat on China bond-buying talk, further pressuring the pair.

Gold rebounds firmly as China Treasuries-buying report smashes US yields

Gold stages a solid comeback from weekly lows, retakes $4,150 early Thursday. US Dollar declines sharply alongside Treasury yields on China’s bond-buying report. Technically, the daily RSI remains bearish and a headwind for Gold buyers.

XRP and XLM extend losses as US inflation data weighs in

Ripple (XRP) and Stellar (XLM) extend their losses on Thursday as bearish momentum builds, having corrected over 7% and 11% so far this week. XRP and XLM both slip below key support zones, indicating weakening technical structure.

China seems routing US Treasury holdings through Canada

According to a Bloomberg report, China seems to be moving United States securities to non-US custodian banks in other countries, masking its role in financing US deficits.

Has Bitcoin really escaped the macro forces it was built to fight?

Over 17 years ago, Satoshi Nakamoto designed Bitcoin (BTC) on the back of a global financial crisis as an alternative to the global monetary system outside the control of central banks, governments and traditional intermediaries. This raises a key question: has Bitcoin really become independent of the macroeconomic forces it was built to challenge?