BOJ gov Kuroda opens his press conference 21 Sept

No kidding me ? Yes folks it's the Kuroda yawn-fest again

  • will tenaciously keep up powerful easing ( Bloomberg interpretation)
  • Japan's 10-year bond yield has been stable
  • BOJ will continue easing persistently for price goal
  • will not comment on Kataoka's dissent
  • various data shows bond liquidity rising recently
  • seems a gap between data and sentiment in bond market
  • BOJ will add more stimulus if needed

Promises, promises.

  • Fed moves won't have direct impact on Japanese interest rates

Maybe not but handily it will help weaken yen he hopes.

  • BOJ won't make changes to ETF buys based on stock prices
  • BOJ buying ETFs to influence risk premium and stimulate economy
  • inappropriate to change 2% price target

USDJPY 112.66 near session highs from 112.40 on the repeated more easing talk.

Got to love those algos if you're long

Kuroda seemingly in as much disbelief as we are to to be coming out with the same old stuff