BOJ’s Kuroda: Appropriate to maintain easing to support economic recovery

Market news

19 October 2022

BOJ’s Kuroda: Appropriate to maintain easing to support economic recovery

Bank of Japan (BOJ) Governor Haruhiko Kuroda is speaking about the implications of monetary policy and inflation outlook on Wednesday.

Key quotes

Monetary policy does not directly target forex.

Consumer prices likely to fall below 2% target after next FY.

Appropriate to maintain easing to support economic recovery as uncertainties around Japan's economy extremely large.

Forex intervention against excessive yen weakening was very appropriate.

Market reaction

Kuroda’s comments are being ignored by the local currency, with USD/JPY reaching fresh intraday highs above 149.30, up 0.05% on the day.

Currencies. Daily history for Wednesday, October 19, 2022

Commodities. Daily history for Tuesday, October 18, 2022

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.