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BOJ Kuroda to last until sustainable prices achieved

FXstreet.com (Barcelona) - BoJ Kuroda speech was just published, with the governor saying that the objetive of achieving the inflation target with 2 years in mind, adding that the BoJ easing will not necessarily be limited to just 2 years.

He said that the easing is actually planned to last as long as needed to achieve sustainable prices. He pointed out on his speech that capital spending is the key element to monitor and improve to end the vicious deflation cycle.

Mr. Kuroda will make prompt policy adjustment as required on varies areas, prior examination of indicators such as the capex as mentioned, consumption, exports, conducting regular examinations every single month.

Finally, he said to be confident BoJ can meet its bond buying target with purchases across the yield curve, adding that monetary policies has as a result the depreciation of the local currency but policies are aimed to end deflation, not to affect the Yen rate.

Forex: AUD/USD edges higher during Asia session, 1.0553 last

The Aussie Dollar is edging higher during Asia trade, up 8 pips at 1.0553. The range has been somewhat narrow with a low of 1.0539 and high of 1.0556. There are no economic indicators to report out of Australia during the session. From a shorter term technical perspective (30min chart), it looks like the pair is breaking out of a short term bull flag formation (confirmed by a 30min close above 1.0550). The pattern has a short term measured move target of 1.0600.
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CORRECTION - BOJ Kuroda: Easing to last until sustainable prices achieved

BoJ Kuroda speech was just published, with the governor saying that the objetive of achieving the inflation target with 2 years in mind, adding that the BoJ easing will not necessarily be limited to just 2 years.
Read more Next
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