USDJPY lower at 99.15 from 99.54 in light of comments saying that BOJ have done enough for the moment
Kuroda interview with journalists just released:
- BOJ won’t change monetary policy based on FX moves.
- Have done what’s necessary for now
- sees 2% inflation target as more important that 2 year timeframe
- BOJ will scrutinize effects every month but not necessarily change policy each month
- Forex rates not the target of monetary policy
- There are both upside and downside risks to Japanese prices
- Fed exit strategy offers hints for eventual BOJ exit
- Govt would share BOJ losses on asset holdings