Kuroda on FX: BOJ watching currency movements carefully

16 June 2016, 09:07
Sherif Hasan

BOJ governor turns his attention to FX rates 16 June 2016

  • will monitor moves carefull
  • yen gains that don't reflect economy undesirable
  • various ways to respond to surge in dollar cost
  • always checking dollar funding costs for Japanese banks
  • won't hesitate to add stimulus if needed
  • declines to comment on possibility of emergency BOJ meeting

USDJPY 103.69 after 103.55 lows. GBPJPY down to 146.40 kicking GBPUSD down to 1.4123

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