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28 May 2015
Yen might rise if the Japanese economy grows - BOJ’s Kuroda
FXStreet (Mumbai) - Bank of Japan (BOJ) governor Kuroda said on Thursday that the Japanese Yen might rise if the Japanese economy grows in next two year as expected by the BOJ.
Kuroda once again reiterated that it is important and appropriate for exchange rates to reflect fundamentals, while stating that he does not think exchange rates deviate significantly from economic fundamentals.
Similar comments were echoed by Kuroda and Japanese government officials on Wednesday after the USD/JPY exchange rate closed-in on 124.00 levels. The pair rose to a high of 124.30 today, before falling back to 123.60 levels.
Kuroda once again reiterated that it is important and appropriate for exchange rates to reflect fundamentals, while stating that he does not think exchange rates deviate significantly from economic fundamentals.
Similar comments were echoed by Kuroda and Japanese government officials on Wednesday after the USD/JPY exchange rate closed-in on 124.00 levels. The pair rose to a high of 124.30 today, before falling back to 123.60 levels.