The Governor of the Bank of Japan made important comments about the undesired weakness of the yen. He said that excessive yen strength has already been corrected and that it is hard to see the yen’s real effective rate falling any further.
He also made direct reference to the upcoming US rate hike, and said that this will not weaken the yen too much, as this is already priced in.
Read the rest of the article Kuroda’s Comments On JPY Cause A Squeeze; What’s Next? – BNPP