Is the economy strong enough to withstand the tax hike? It seems that Kuroda is overconfident about the current state of the world's third largest economy, as a sharp drop in machinery orders suggests companies are not willing to make huge purchases.
The cable was trading in a narrow range following the Bank of England meeting, as policy makers offered no surprises, staying pat both on the interest rate and the stimulus programme.
The U.S. Dollar picked up from a two-week low versus the single currency on Thursday, as the U.S. Labor Department released better-than-excepted data from the nation's job market.
During the last policy meeting Mario Draghi finally hinted that the ECB is planning to launch the U.S.-style quantitative easing.
After retreating on Tuesday, the Australian Dollar regained strength a day later, approaching a strong resistance at 0.94.
This week's comments from the Bank of Japan provoked a massive sell-off of the USD/JPY, as investors rushed to buy the Yen following the BoJ meeting, where policymakers said no additional easing was on the schedule.
The cable continued its appreciation on Wednesday, as the Sterling was boosted by the stronger-than-expected trade figures from the U.K.
The U.S. Dollar declined further against the Euro Wednesday following the release of minutes from the Fed's meeting in March.
Last week we concluded that Europe's powerhouse is loosing momentum as during the week markets have received a series of disappointing figures.
On the back of a bunch of strong fundamental data in the recent month and hawkish comments from the RBA, the Australian Dollar moved back into the "uncomfortably high" level.
The Japanese Yen appreciated for a third straight day on Tuesday, while a measure of implied rate swings in currency markets plunged to its seven-year low, as the Bank of Japan stayed pat on its monetary policy.
The Pound has received a strong bullish bias on Tuesday, after manufacturing output came extremely positive.
Winter's slowdown is over. Confidence among the U.S. small-sized companies picked up more than expected in March, with six out of 10 sub-indexes posting solid improvement, suggesting the economy will gain momentum soon, boosted by stronger spending.
Greece– one of the main reasons for the most severe economic recession in Europe, is back now.
Australian labour market is this week's one of the main highlights, as policymakers have claimed the labour market is one the biggest headaches, hence, any improvement or deterioration will have a strong impact on the Aussie.
Japanese central bank, which is projected to keep the pace of annual stimulus injections at 60-70 trillion yen in order to double the monetary base and weaken the Yen, is likely to announce another bold measure soon.
On Monday the cable was almost unchanged in quiet session and a lack of fundamental data from the U.K.
Federal Reserve Bank of St. Louis President James Bullard expressed his concerns on Monday about low inflation in the U.S., but indicated that easy-money policies of the central bank have been effective to prop up growth in the world's number one economy.
Last week Mario Draghi took no decisive action, neither to lower the main refinancing rate nor launch ECB's own U.S.-style quantitative easing programme.
Canada GDP, RBA's rate decision and a slew of fundamental data from the United States and Europe pushed markets last week.
The Aussie has been appreciating against the greenback since the beginning of February, with the pair moving back into the "uncomfortably high" level.
Back into April 2013, during the first meeting as the Governor of the Bank of Japan Haruhiko Kuroda launched an unprecedented stimulus programme in order to boost growth and inflation.
Britain's house property declined for the first time in three months in March, while the general trend is still strongly bullish.
It seems that American labour market is shrugging off the negative effect from the severe winter, as companies picked up in hiring, while overall unemployment rate still refuses to inch lower.