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BOJ’s Kuroda: Risks are skewed to the downside mainly due to overseas factors

Speaking at a press conference after the Bank of Japan (BOJ) monetary policy decision earlier this Tuesday, the Japanese central bank Governor H. Kuroda said the Japanese economy is expanding moderately as a trend.

Additional Quotes:

Economy to continue the expansionary trend through the fiscal year 2021.

Risks are skewed to the downside mainly due to overseas factors.

External risks are becoming smaller due to US-China trade deal.

Government economic stimulus package has helped to boost GDP outlook.

BOJ inflation outlook is more or less unchanged.

Inflation is to keep moving towards the 2% target level.

EUR/USD: There is still room for a drop to 1.1065 – UOB

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GBP/USD risks a move to the mid-1.2800s – Commerzbank

In opinion of Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, Cable could attempt a visit to the 1.2850 region. Key Quotes “GB
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