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BOJ’s Harada: Difficult to determine what currency level reflects fundamentals

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 13, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Additional comments from BOJ’s Harada hitting the wires, as he continues to jawbone the Japanese currency in Tokyo:

    Cannot say whether or not yen gains are in line with fundamentals

    Difficult to determine what currency level reflects fundamentals

    Negative interest rates will benefit companies that take a proactive business stance

    Cannot say whether or not risks to outlook have materialized here

    It is possible to meet price target but timing will be delayed

    Strong Yen does weaken upward pressure on prices

    Inflation expectations will improve once Oil price decline fades away
    For more information, read our latest forex news.
     

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