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BOJ's Kuroda tries to justify low USD/JPY via broad USD weakness

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 24, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    BOJ Governor Kuroda is appearing in Japan's parliament, noting that its not just yen that is rising, but also broad dollar weakness, in an attempt to justify the sharp falls in USD/JPY.

    Kuroda added: "Investors' excessive risk aversion has kept major stock markets weak, dollar weak as a trend since BOJ's adoption of negative rates."
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