Bangkok KC 04:01:40 GMT - 09/15/2022
Bank of Japan Governor Haruhiko Kuroda said rapid yen moves were undesirable after a meeting with Prime Minister Fumio Kishida on Friday, joining a chorus of policymakers lobbing verbal warnings over the currency's recent sharp drop to 24-year lows.
"Sharp currency moves are undesirable as they destabilise corporate business plans and heighten uncertainty," Kuroda told reporters after the meeting, which he described as an occasional catch-up by the two sides to discuss broad economic and financial matters.
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I think this time he is not kidding. Sooner rather than later the BOJ will defend their own currency aggressively.
Start selling USD/JPY @143.50 and above 144.50 (if see),
Bank of Japan Governor Haruhiko Kuroda said rapid yen moves were undesirable after a meeting with Prime Minister Fumio Kishida on Friday, joining a chorus of policymakers lobbing verbal warnings over the currency's recent sharp drop to 24-year lows.
"Sharp currency moves are undesirable as they destabilise corporate business plans and heighten uncertainty," Kuroda told reporters after the meeting, which he described as an occasional catch-up by the two sides to discuss broad economic and financial matters.
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I think this time he is not kidding. Sooner rather than later the BOJ will defend their own currency aggressively.
Start selling USD/JPY @143.50 and above 144.50 (if see),
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Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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