Further comments by Kuroda on the day

  • Rate differential between US and Japan is likely to widen
  • BOJ can ease more if needed
  • There are various other ways to bolster stimulus

I don't think Trump would appreciate the comments here. In the meantime, the yen continues to stay pressured on the day against the euro and pound in particular. EUR/JPY and GBP/JPY are both at session highs now at 132.94 and 148.43 respectively as the yen weakens as a result of rising Treasury yields.