Kuroda says yen unlikely to weaken past 160 per dollar
Haruhiko Kuroda says the yen is unlikely to weaken past 160 per dollar. He views the equilibrium rate near 120-130 and notes Japan's economy is in good shape.
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Former Haruhiko Kuroda, ex-chief of the Bank of Japan, said the USD/JPY rate is unlikely to weaken past 160 per dollar. Kuroda identified an equilibrium rate between 120 and 130 based on economic fundamentals. His comments signal a floor for the currency as authorities defend current levels through market intervention.
