Forex Today: BOJ policy tweak weighs on risk trade – by eren_fxstreet Currencies Majors Macroeconomics BOJ Commodities
reiterated that they will not hesitate to ease the policy further if necessary and noted that it was too early to debate an exit from the current monetary policy. "Today's decision on yield curve control is not an exit of yield curve control or change in policy," Kuroda explained and added that the decision was made on concerns of deteriorating market function threatening corporate financing.
lost more than 500 pips from its daily high and slumped to its weakest level in four months below 133.00. BOJ Governor Kuroda's comments failed to help the pair stage a rebound. Similarly,fluctuated in a tight range during the Asian trading hours on was last seen trading at around 1.0600. closed virtually unchanged on Monday and extended its sideways grind early Tuesday. At the time of press, the pair was staying relatively quiet at around 1.2150.
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