Financial institution of Japan financial coverage board member Nakagawa spoke earlier right here:
- BOJ’s Nakagawa speaks on one-sided yen falls
He has despatched the yen greater. USD/JPY dropped down in the direction of 141.50 and has since bounced again in the direction of 142.00.
Nakagawa stated, amongst a lot lease:
- actual rates of interest stay deeply unfavorable, accommodative financial circumstances maintained
Flagging there may be loads extra tightening nonetheless to be performed.
EUR/USD has popped slightly, circa 1.1035
This text was written by Eamonn Sheridan at www.forexlive.com.
