BOJ governor's presser in full flow still

  • won't comment on Amari's resignation
  • Abenomics will continue under new econ min Ishihara

Kuroda not ruling out more QQE

USDJPY running into a few sellers again. Currently 120.69 but expect dip demand still.

  • BOJ can ease now in quality, quantity and rates
  • adjusted policy today due to worries about delay in escape from deflation mindset
  • doesn't see neg rates having big impact on banks in longer term
  • neg rates will push down lending rates
  • Japan's QQE is having intended effects

USDJPY still around 120.70 as the presser continues