FX & CFD trading involves significant risk
The Bank of Japan (BoJ) Governor Haruhiko Kuroda said on Thursday that the central bank's negative rates were not directly aimed to weaken the currency.
"Central banks of big economies don't target currency rates in guiding policy," he said.
Kuroda pointed out that negative rates would be positive for the economy and prices.
He noted that developments abroad such the slowdown in the Chinese economy and falling oil prices supported the demand for safe-haven yen.
|remaining time till the new event being published|
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.