Negative rates to have positive impact on prices, economy – BOJ’s Kuroda

BOJ Kuroda is now on the wires via Reuters, speaking in Japanese parliament on the monetary policy, but fails to offer anything new.

Key Quotes:

Will adjust monetary policy without hesitation if needed

Will strengthen communication with market participants about negative rate policy

Neg rates to have positive impact on prices, economy

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The AUD/USD pair keeps its corrective slide intact and fades a knee-jerk spike to 0.7296 levels following the release of above estimates Australian trade balance figures.
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USD/JPY tracks Nikkei higher, 114 back on sight

The USD/JPY pair extends its overnight recovery from ahead of 113 handle, and now hovers in the vicinity of the session highs on the back of renewed risk-on wave across the markets.
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