USDJPY surged from 125.70 to the 126.04 level at one point. Governor of the Bank of Japan Kuroda responded to the repeated reiteration that the current strong monetary easing would continue persistently. USDJPY has reached its highest level in 20 years since May 2002.
Around 125.80, Mr. Kuroda of the Bank of Japan was wary of oral intervention, but it disappeared in today’s remarks. USDJPY is expected to follow the upside.
