Saturday, Bank of Japan Governor Haruhiko Kuroda told the Federal Reserve Bank of Kansas City’s symposium that “There is no doubt that there is ample space for additional easing in each of the three dimensions” ; “The bank will carefully consider how to make the best use of the policy scheme in order to achieve the price stability target”. He won’t hesitate to boost monetary stimulus if needed.
Market is too sensitive to such news. Each time he said this, YEN strengthen. Obviously, a big gap down is expected for all jpy pairs. However, with the USD strength, I think Yen will see huge sell off tomorrow.
Market is too sensitive to such news. Each time he said this, YEN strengthen. Obviously, a big gap down is expected for all jpy pairs. However, with the USD strength, I think Yen will see huge sell off tomorrow.