BOJ Gov Kuroda says watching FX moves carefully, stability is desirable

Right, have a drink!!!

• Friday's drinking game will involve listening for 'FX stability' comments coming out of Japan

Comments coming from Bank of Japan Governor Kuroda:

• watching FX moves carefully
• desirable for FX rates to move stably reflecting economic, financial fundamentals
• don't think weak yen reflects eroding market trust in value of yen
• market's view is that weak yen is due to Japan importers' dollar demand, prospects of US interest rate hikes

USD/JPY has lost ground during the session here (meanwhile, EUR/USD has gained too)