Kuroda lost in translation

  • A redux on today's comments
Bank of Japan Governor Kuroda

Earlier USD/JPY rallied on a newswire headline that said:

'BOJ must keep aggressive easing, even as the yen drops'

Not so fast.

There's been something of a correction now as a newswire reports that his comment about aggressive easing 'wasn't in the context of yen weakening'.

That's why USD/JPY has given some back.

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