Japanese yen declines against most major rivals on BOJ remarks
November 10, 2014 9:31 am
The Japanese yen weakened against most of its 31 major counterparts as Bank of Japan Governor Haruhiko Kuroda said last week the central bank had an unwavering commitment to beating deflation.
“As for measures for additional easing, I don’t think there is a limit, including on bond purchases,” Kuroda added.
The yen traded at ¥142.30 against the euro and ¥114.10 against the US dollar.
“The move that we’ve seen since the Bank of Japan meeting was fairly strong, even a bit excessive,” said Mitul Kotecha, Head of FX Strategy, Asia-Pacific for Barclays.
The material has been provided by InstaForex Company – www.instaforex.com
The Japanese yen weakened against most of its 31 major counterparts as Bank of Japan Governor Haruhiko Kuroda said last week the central bank had an unwavering commitment to beating deflation.
“As for measures for additional easing, I don’t think there is a limit, including on bond purchases,” Kuroda added.
The yen traded at ¥142.30 against the euro and ¥114.10 against the US dollar.
“The move that we’ve seen since the Bank of Japan meeting was fairly strong, even a bit excessive,” said Mitul Kotecha, Head of FX Strategy, Asia-Pacific for Barclays.
The material has been provided by InstaForex Company – www.instaforex.com
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