BOJ governor Kuroda jawboning again in parliament 26 March
- doesn't think BOJ will hurt trust in yen
Trust in yen ? Seems like plenty of trust in the yen for a while now. More like lack of trust in BOJ.
- not automatic that higher rate causes BOJ loss at exit
USDJPY currently 104.98 having failed above 105.00. Again. Large option expiries at 105.00 should help to contain range again.
