This is an attempt by Governor Kuroda to provide yen-supportive remarks
- desirable for fx to move stably reflecting fundamentals
- excessive, short-term fx volatility would affect business activity
- BOJ will carefully watch impact of fx moves on japan's economy, prices
They come in addition to similar remarks from finance minister Suzuki:
Earlier in the session we had remarks from the IMF, they said they believe the yen is moving in line with fundamentals. (and they are right):
USD/JPY is pretty much ignoring the remarks, trading to its session high:
