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