BOJ’s Kuroda: Will ease monetary policy further without hesitation as needed

Dhwani Mehta FXStreet

The Bank of Japan’s (BOJ) Haruhiko Kuroda reiterated that the central bank “will ease policy further without hesitation as needed” while speaking at its post-monetary policy meeting press conference scheduled on Thursday.

Additional quotes

Will ease monetary policy further without hesitation as needed.

Need to pay attention of impact from coronavirus on domestic and overseas economies.

Prolonged supply constraints would cause risk of higher inflation.

Risk of inflation as seen overseas would be limited in Japan.

more to come ...

Market reaction

USD/JPY is holding ground, testing daily lows of 113.50 on Governor Kuroda’s comments. The spot ignores the rebound in the US Treasury yields, as the risk-off trading in the global stocks overwhelms. The major was last seen trading at 113.52, 0.22% lower on the day.

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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