BOJ Governor Kuroda indicated that the strong demand for the Japanese Yen in recent times is due to the strong demand for safe havens. More of his statements came as follows:
Market sentiment fell sharply as uncertainty increased due to the outbreak of the Coronavirus.
The Bank of Japan does not target specific yen levels.
US and Japan real rates differential have narrowed.
I think controlling the yield curve is more effective.
The current situation does not require any new measures.
