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Chart - Courtesy Trading View
USD/JPY was trading 0.79% higher on the day at 132.93 at around 05:05 GMT.
The pair has hit fresh 20-year highs above 132 handle, outlook remains bullish.
Bank of Japan (BOJ) Governor Haruhiko Kuroda said Tuesday, “if yen moves are not too sharp, weak yen is beneficial for Japan’s economy.
"Must be mindful that weak yen could have negative impact on households, smaller service-sector firms," Kuroda added.
Expressing his outlook on the Japanese economy, Kuroda said "Japan’s economy is improving as a trend and is expected to recover ahead."
USD/JPY keeps pushing higher as BOJ Chief makes no mention of exchange rate value in his latest comments.
Technical bias for the pair is bullish. Test of new multi-year highs cannot be ruled out.
