Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Japanese Yen Soft Even as BoJ Discusses Stimulus Exit

1,000 and 10,000 Japanese yen notesThe Japanese yen fell against its most-traded rivals today even as the Bank of Japan was discussing internally an exit from unprecedented monetary Stimulus. Some currencies, though, have trimmed their gains against the yen by now.

Governor Haruhiko Kuroda said that BoJ members were discussing Stimulus Exit among themselves:

Internally we’re conducting various discussions.

Yet he stated that releasing details of such talks to the public would be inappropriate as it may cause confusion on markets. Furthermore, he stressed that 2% inflation remains the main goal for the central bank, and stimulus will remain in place until it will be reached.

USD/JPY rallied from 105.88 to 106.44 as of 16:35 GMT today. EUR/JPY was up from 130.26 to 130.57, and its daily high was at 130.92.

© NewsInspector for Forex News, 2018. | Permalink | No comment | Add to
Post tags: Bank of Japan, EUR/JPY, Haruhiko Kuroda, Japan, Stimulus, USD/JPY, Yen

Feed enhanced by Better Feed from Ozh

This post first appeared on Forex News, Latest Forex News, please read the originial post: here

Share the post

Japanese Yen Soft Even as BoJ Discusses Stimulus Exit


Subscribe to Forex News, Latest Forex News

Get updates delivered right to your inbox!

Thank you for your subscription