The Traderszone Network

Published in TZ Latest News 23 May, 2014 by The TZ Newswire Staff

Citi Explains Kuroda’s Dilemma: "Please Sell More Yen Cause I Can’t"

Via Citi’s Steven Englander,

In WSJ interview: “He described the U.S. economy as “recovering very strongly” and stronger than Japan, saying that should not result in a higher yen. “In this kind of situation, I don’t think it’s reasonable to expect the yen to appreciate against the dollar.” And “when the time came for the BOJ to withdraw its easing measures after having achieved its stated price goals, he didn’t expect the yen to rise. “I really don’t think the yen should appreciate even in that situation”.

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