Bank of Japan (BOJ) Governor Kuroda in parliament:

  • Have absolutely no plan to push rates further into negative territory at a pre-set timing
  • Various factors are behind short-term fx moves
  • From long-term perspective, forex tends to move reflecting divergence in each country's price moves
  • Desirable for forex to move stably reflecting economic fundamentals

And more:

  • Excessive yen gains have corrected in past 3 years
  • BOJ not targeting FX rates
  • China, oil among the factors affecting recent FX rates
  • Yen has been considered a safe haven recently