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MNI (Sydney)

Foreign exchange rates have moved stably over the long term, Bank of Japan Governor Haruhiko Kuroda said Friday, added that the BOJ continues to monitor the yen's movements as the rate impacts the economy and prices.

Kuroda told a Diet committee that central banks in advanced economies are aiming to achieve the 2% price target, which is contributing to the stabilization of forex markets.

The yen continued to decline against the dollar Friday with dollar-yen trading above JPY108.00 for the first time since early July 2020.

MNI Sydney Bureau | +61-405-322-399 |
MNI Sydney Bureau | +61-405-322-399 |

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