BOJ governor Kuroda still rattling on at his press conference 21 Sept

  • US Fed has taken appropriate policy steps and will do so in future
  • Japanese govt, parliament should be responsible for fiscal management
  • fiscal discipline is very important
  • not conducting yield curve control based on assumptions about stocks and FX
  • Japan economy performing better than we expected

USDJPY running out of puff above 112.70 but underpinned overall for the moment.

Offers/res 112.80-00. Bids/support 112.30-50

USDJPY 15m