USD/JPY Slips, As BOJ’s Kuroda Mentions More Easing
BOJ's Kuroda was speaking earlier, on more easing if its necessary
Skerdian Meta•Monday, October 12, 2020•1 min read
The JPY has been bearish since the last week of March, when the reversal from the coronavirus crash ended. The highs have been getting lower since then, as the sentiment remains slightly negative, due to the the elevated uncertainty. The Bank of Japan has set the rates at -0.10%, so there’s not much they can cut there. But, there’s no end to the rabbit hole, especially after the negative data from Japan this morning. BOJ governor Kuroda made some comments earlier today:
BOJ Governor Haruhiko Kuroda’s Comments
- We have not run out of policy tools
- We won’t hesitate to ease further if necessary
- The BOJ is open-minded, flexible
- We are monitoring the impact of the coronavirus closely
- The BOJ is focused on corporate financing, market stability
The usual stuff by Kuroda, but as much as he wants to boast about their policy toolkit, there isn’t much else they can do to restore faith in their ability to achieve their 2% inflation target. But hey! It’s part of his job description to try to get everyone believing.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
ABOUT THE AUTHOR
See More
Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
Related Articles
Comments
Subscribe
Login
Please login to comment
0 Comments
Oldest
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals