BOJ's Kuroda: Currency markets have been relatively stable compared with stocks
Further comments by BOJ governor, Haruhiko Kuroda
- No comment on the US election and its impact on markets
- BOJ remains committed to achieving 2% inflation target as quickly as possible
- BOJ will work to maintain appropriate yield curve
For now, USD/JPY seems content to stay just above 104.00 for now. But if that level gives way for one reason or another, expect the BOJ to be more guarded about the exchange rate as there is little in the way of a move towards 102.00 next.