BOJ’s Kuroda: Desirable for FX moves to reflect economic fundamentals

More comments flowing in from BOJ Chief Kuroda, via Reuters, commenting on the fx moves, after having declined to comments on the exchange rate level.

Key Headlines:

Ministry of Finance is in charge of FX policy

Desirable FX moves in a stable manner

Desirable for FX moves to reflect economic fundamentals

NZD/USD: Bulls rescued by upbeat NZ data, keeps 0.70

The NZD/USD pair is seen attempting a minor-recovery from multi-month troughs, as the NZD bulls received some support from slightly upbeat NZ datasets
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AUD/NZD unimpressed by the mixed NZ data

The AUD/NZD cross was little affected by the New Zealand data which showed a slowdown in the retail sales growth and a rise in the Producer Price Inde
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