Bank of Japan Governor Kuroda is speaking from parliament today
Stating the very obvious. Again.
More:
- we are not at stage to debate exit from our etf buying
- when we unload our etf buying, we will decide on guidelines at a policy-setting meeting
- when we unload our etf holdings, we will do so in a way that minimises market disruption, avoid losses as much as possible
Meanwhile USD/JPY has completed a lap after taking out a few stop loss just above and below 108. I suspect it won't be too long before we revisit under there.
