BOJ Kuroda – Change in policy stance will occur without hesitation if risks occur

FXStreet (Mumbai) - Bank of Japan (BOJ) governor, in his press conference speech, said banks stands ready change the policy stance if the risks develop in future.

On inflation front, the Governor said, “it may be hard for CPI to accelerate in 1H in FY2015”, while stating that determination in achieving inflation target has been conveyed to market.

Yen gives up partial losses on BOJ Governor Comments

The Japanese yen moved away from day low levels against the US dollar as Bank of Japan (BOJ) Governor Haruhiko Kuroda's speaks during the press conference.
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EUR/USD approaching 200 month ma at 1.2232 – Commerzbank

According to Karen Jones, Head of Technical Analysis at Commerzbank, the EUR/USD remains under pressure, with attention reverting to the recent low at 1.2232, which is unlikely to hold now.
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