Bank of Japan governor Kuroda speaking from Davos 20 Jan

  • top priority is to beat inflation
  • 2% target not yet achieved
  • cautious wage demands mean inflation expectations have dropped again after rising.
  • Asian economies gaining momentum
  • Japanese exports, industrial output showing recovery
  • Japan's economy to grow +1.5%, well above potential in current/next FYs

Repetition Man back to the mic.

Meanwhile USDJPY still holding gains above 115.00. Looking to short around 115.50 again.

Kuroda speaks again - Anyone still listening?