BOJ’s Kuroda: Excessive, short-term fx volatility would affect business activity

Dhwani Mehta FXStreet

“Excessive, short-term fx volatility would affect business activity,” Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Thursday.

Additional quotes

Desirable for fx to move stably reflecting fundamentals.

The BOJ will carefully watch impact of fx moves on Japan’s economy, prices.

Market reaction

USD/JPY is seeing some fresh buying on these above comments, hitting daily highs at 128.60, up 0.54% on the day.

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Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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