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Haruhiko Kuroda to keep monetary policy loose

Haruhiko Kuroda to keep monetary policy loose | 17 October 2022

17 October 2022, USD/JPY

USDJPY trading plan:

The yen weakened to a fresh two-decade low after Bank of Japan Governor Haruhiko Kuroda vowed to keep monetary policy loose in order to support an economic recovery, fueling speculation over whether Japanese authorities would step in once more to prop up the currency. “We have to continue our monetary easing until we achieve the 2% target in a sustainable and stable manner,” Kuroda said at an event at the Institute of International Finance in Washington. “The economy is still recovering from the pandemic so we have to continue to support the economy to recover.”

Investment idea: buy 148.22 and take profit 148.89.

David Johnson
Analyst of «FreshForex» company
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