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27 May 2015
Desirable FX rates reflect fundamentals - BOJ's Kuroda
FXStreet (Mumbai) - Bank of Japan's Haruhiko Kuroda speaking ahead of the G7 said on Wednesday that it is desirable that FX rates reflect fundamentals.
Kuroda said he is not sure whether exchange rates will be discussed at G-7 meeting, while reiterating once again that monetary policies are not targeting currencies.
Earlier today, Reuters reported Japan's finance Amari saying the recent FX moves are due to USD gains rather than JPY falls. Amari said there is no reason to react overtly to US exit strategy, however rapid exit movements are undesirable.
Kuroda said he is not sure whether exchange rates will be discussed at G-7 meeting, while reiterating once again that monetary policies are not targeting currencies.
Earlier today, Reuters reported Japan's finance Amari saying the recent FX moves are due to USD gains rather than JPY falls. Amari said there is no reason to react overtly to US exit strategy, however rapid exit movements are undesirable.