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,
  prices
• 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: