BOJ's Kuroda: Important for exchange rate to move stably reflecting fundamentals

  • Remarks by BOJ governor, Haruhiko Kuroda
  • Various macroeconomic models show that a weak yen is a positive thing
  • Rapid weakening in the yen over a short period of time is undesirable

His comments aren't anything new as Japanese authorities have been saying this for a while now, ever since USD/JPY broke the 120.00 mark. We've now cleared 133.00 and the technicals suggest that the next stop is 135.00.

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