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BoJ Kuroda Says He is Not Targeting Currency Rates

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Bank of Japan Governor Haruhiko Kuroda said on Friday that the central bank’s monetary policy does not target currency rates and is instead aimed solely at achieving its 2 percent inflation goal in roughly two years.

“The Bank of Japan isn’t targeting currency rates, which are determined by the markets,” Kuroda told reporters ahead of a weekend Group of Seven finance leaders’ gathering near London.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

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