Kuroda: BOJ will not take incremental steps in easing policy

Bank of Japan press conference 28 April

While all that data is coming out BOJ gov Kuroda is still banging on.

I'm going to have to get myself a bigger ice bucket.

• no obstacles to BOJ's JGB buying operations
• doesn't see any problem with BOJ proceeding with JGB purchases
• sees no change in demand for JGBs due to volatile price moves
• do not see rapid volatility in JGB market at the moment

Meanwhile USDJPY 108.23 with demand/support into 108.00 holding for the moment but expect supply into 108.50-70