Bank of Japan (BOJ) Governor Kuroda and Deputy Governor Iwata were in the Japanese parliament
Comments crossed earlier, so just noting them
- Kuroda said BOJ staff did not speak to the media before the alleged leak.
You may recall BOJ announcement day (January 29) when the first headline hit about the BOJ talking about negative rates at their meeting, That headline came well before the announcement, there was a leak somewhere.
Also, from Iwata:
- BOJ needs to be accountable if it doesn't meet the 2% inflation target
- Inflation trend is steadily improving
That's about it.
USD/JPY has trickled higher since the comments:
If correlation is causation then I've really messed up not brining you those comments earlier :-D
The dominant story / narrative seems to be though that the USD is bid due to the decent details in the (admittedly not quite so good headline) NFP and ahead of Yellen's testimony due on Wednesday.
What's the story, morning glory? Oh, no that was Oasis, not Superbowl half-time Coldplay.
