Following the conclusion of their meeting, the Bank of Japan (BOJ) Governor Haruhiko Kuroda said that he discussed the central bank’s March policy review with Prime Minister (PM) Yoshihide Suga.

Additional comments

“No particular comment from Suga on BOJ’s March review.”

“Told PM Suga that the BOJ needs to do March review to continue its easy monetary policy.“

“No talk about Olympics in meeting with Suga.”

Market reaction

USD/JPY is off the two-day lows of 105.69, now trading at 105.81, almost unchanged on the day. The spot tracks the rebound in the US dollar index, as the risk sentiment turns sour.