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BoJ Governor Kuroda: Possible to deepen negative interest rates further

The Bank of Japan (BoJ) Governor Haruhiko Kuroda, in the post-policy meeting press conference, was noted saying that today's move was made out of coordination among other countries' central banks as uncertainty remains high.

Additional quotes:

  • Coronavirus impact on the Japanese economy will last for the time being.
  • The Japanese economy to return to moderate growth ahead.
  • Closely watching developments at home and overseas.
  • Doubled ETF purchases to avoid risk aversion among investors.
  • It is possible to deepen negative interest rates further.
  • We can boost JGB purchases further.
  • The current situation is different from Lehman shock.

NZD/USD weaker, now looks to 0.5800 – UOB

In light of the ongoing price action, NZD/USD risks a move to the 0.5800 area in the next weeks, noted FX Strategists at UOB Group. Key Quotes 24-hour
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EUR/USD: Fed weighed heavily on the buck

The Fed slashed interest rates to zero and introduced fresh QE to boost economic growth as the US dollar maintained its strong bid tone, Haresh Mengha
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