ECB's Currency Challenge Underlined by Kuroda's Yen Whiplash

  • Central bank tipped to add to monetary stimulus on March 10
  • Weaker euro isn't foregone conclusion, yen's moves indicate

Mario Draghi, president of the European Central Bank (ECB), second right, looks on during Euro Finance Week in Frankfurt, Germany, on Friday, Nov. 20, 2015.

Photographer: Martin Leissl/Bloomberg

Haruhiko Kuroda’s humbling in foreign-exchange markets shows what Mario Draghi is up against this Thursday: namely, that even the most forceful policy decisions can be overwhelmed by events.

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