Technical Analysis

BOJ’s Kuroda says no special risk to current increase in bond buying

  • Not in a situation where 2% price target is being achieved sustainably
  • Sees no problem with recent increased bond buying
  • Monetary easing since 2013 has made for conditions such that there is no deflation

Kuroda also goes on to reaffirm that like their decision in December, this one does not represent any significant change in policy stance. USD/JPY is seen at 130.77 now with some gyrations between 130.60 to 131.10 as Kuroda speaks.

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