FxWirePro: Japanese Yen gains in early hours of Asia after BOJ Kuroda’s comments
USD/JPY is currently trading around 103.65 marks. It made intraday high at 104.12 and low at 103.52 levels. Intraday bias remains bearish till the time pair holds key resistance at 104.31 levels. A daily close above 104.…
It made intraday high at 104.12 and low at 103.52 levels.
Intraday bias remains bearish till the time pair holds key resistance at 104.31 levels.
A daily close above 104.00 will take the parity higher towards key resistances around 105.50, 106.12, 106.72, 107.49, 107.90 and 109.13 levels respectively.
On the other side, a sustained break below 103.26 will drag the parity down towards key supports at 102.86, 101.97, 101.23, 100.48, 99.99, 99.27 and 98.78 levels respectively.
BOJ Governor Kuroda: Negative rates have had impact on market liquidity, banks' profits, so need to assess this policy.
BOJ Governor Kuroda: We should not hesitate to go ahead with monetary easing as long as it's necessary for japan's economy as a whole.
BOJ Governor Kuroda: BOJ should always prepare policy options to address situations where drastic measures are warranted.
BOJ Governor Kuroda: BOJ's September comprehensive review won't lead to discussions that could lead to tapering of monetary easing.
BOJ Governor Kuroda: Japan is no longer in deflation.
BOJ Governor Kuroda: It is unquestionable that BOJ's QQE with negative rates have contributed significantly to turnaround in economy.
BOJ Governor Kuroda: There is still ample space for further cuts in negative rates, increase in asset buying.
