Free Trial

MNI BRIEF: BOJ's Kuroda Says Recent FX Moves Slightly Rapid

(MNI) Tokyo
TOKYO (MNI)

Bank of Japan Governor Haruhiko Kuroda said recent forex movements are slightly rapid and the central bank is watching carefully, he told lawmakers on Tuesday.

Kuroda added that exchange rates should move stably and reflect economic fundamentals, while repeating a weak yen has a positive impact on the economy and prices as a whole, see: MNI BRIEF: BOJ's Kuroda Repeats Weak Yen Overall Good For Econ.

The JPY traded around 122.38 against the USD on Tuesday and last week hit the 125 mark, its weakest since 2015 as the central bank ended the fiscal year by defending the -0.25% to +0.25% 10-year Japanese Government Bond yield curve control range.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.