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BOJ’s Sakurai: current Yen not too high vs its level in 2012

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Bank of Japan’s (BOJ) Sakurai, while commenting on exchange rate said the current level of Yen is not too highs compared to the one seen in 2012.

    Key quotes

    FX may overshoot in short term

    It is important for FX to reflect fundamentals stably in long-term for monetary policy

    Exit from current stimulus programme would be quite some time ahead

    Need situation where FX reflects mid- and long-term fundamentals
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