Technical Analysis

More jawboning from BOJ’s Kuroda – FX should move stably, reflect fundamentals

Bank of Japan Kuroda with more.

Earlier is here:

More low level verbal intervention:

  • BOJ, govt to closely monitor impact of fx, market moves on economy,
  • Important for forex
    rates to move stably reflecting economic fundamentals
  • Abnormally
    one-sided, sharp yen weakening appears to have posed, thanks partly
    to govt’s fx intervention
  • I don’t expect the USD strength to last forever

USD/JPY update:

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