Bank of Japan Governor Kuroda stated that the central bank could consider implementing further easing of monetary policy if consumer prices failed to rise. Kuroda made these statements while addressing the Japanese Parliament earlier today.

He also commented that short and long term rates could continue to be kept low at least until Spring 2020 and maybe even beyond this time.

Meanwhile, as trade tensions between US and China continue to build up, USD/JPY trades bearish at around 109.56 at the time of writing.