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The Bank of Japan (BoJ) governor, Haruhiko Kuroda crossed the wires in the last hour, saying that the domestic economy has been affected significantly by the coronavirus pandemic.

Additional quotes:

  • Virus resurgence, state of emergency may dampen Japan’s economic recovery.
  • The most important policy is to avoid unemployment and corporate failures.
  • Both fiscal, monetary policies have been successful in preventing that.

The comments did little to influence the Japanese yen or provide any meaningful impetus to the USD/JPY pair, which was last seen trading with modest losses near the 103.70 region.