Forex Flash: Abe nominate Kuroda for BoJ hotseat - Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that last night Mr Abe has duly nominated Mr. Kuroda as BOJ Governor.

As a consequence, he highlights that USD/JPY held above 91 and is in a clear 91-94.5 range. He writes, “If I fancy an eventual break lower in EUR/USD, I fancy a break higher in USD/JPY but that’s more of a March than a February 28 story.”