Friday, June 12, 2015

Japanese Yen – Is Kuroda Trying to Talk it Up?

Last night in the Asian trading session, Bank of Japan Governor Kuroda made some remarks, which I found rather unusual.
Here is the actual quote:
“Once an increase in the U.S. interest rate is priced into the market, the actual action won’t necessarily lead to a further rise of the Dollar again the Yen”.
He then went on to further say:
“Provided there isn’t a surprise other than the market factoring in a higher U. S. interest rate, a further gain in the Dollar seems difficult”.
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