BoJ closely watching FX moves – BoJ’s Kuroda

H.Kuroda, Governor of the Bank of Japan, has once again reiterated that the central bank keeps monitoring the FX space and remains vigilant on moves that could affect prices.

He has also emphasized that the BoJ monetary policy is aimed to achieve price stability and is not linked to the exchange rate, while he said more time is needed to see impact of negative rates on the economy.  

Kuroda added that the central bank will be closely following the developments of the UK Referendum.

USD/JPY is now bouncing off 103.50, retaking the 103.85/90 band.