BOJ's Kuroda tries to talk down yen

|By:, SA News Editor

Describing the U.S. economy as "recovering very strongly" and stronger than Japan, BOJ Governor Kuroda says, "In this kind of situation, I don't think it's reasonable to expect the yen to appreciate against the dollar."

He also sees the yen as "still quite strong" vs. the euro compared with where the pair stood ahead of the financial crisis (the current ¥140 vs. ¥169 before Lehman).

Kurdoa's talk-down of the yen comes a couple of days after his optimistic comments on the Japanese economy and a signal he was not planning additional monetary ease sent the currency higher.

Dollar/yen is ahead 0.25% on the session at ¥101.98.

ETFs: FXY, YCS, JYN, YCL