BoJ's Kuroda: Japan's economy has picked up as a trend

The Japanese economy has picked up as a trend although it has remained in a severe situation due to the coronavirus pandemic, Bank of Japan (BoJ) Governor Haruhiko Kuroda said on Wednesday, as reported by Reuters.

"Japan's economy will recover with the impact of COVID-19 waning due to further progress in vaccinations," Kuroda further added.

Market reaction

The USD/JPY pair extended its daily slide following these comments and was last seen trading at 109.14, where it was down 0.5% on a daily basis.