The Bank of Japan’s central banker has found its floor for the yen, let’s see if it holds. In the meantime, the dollar has fallen to its lowest point against the yen in two weeks.

Bank of Japan Governor Haruhiko Kuroda told a group of Japanese legislators that the yen was “very weak” and unlikely to fall further. This sparked a huge selloff in the dollar, lifting the yen from last week’s 13-year trough of 125.86 per dollar to a high of 122.47 yen on Wednesday.

Kuroda said the dollar may not necessarily rise versus the yen if the Federal Reserve raises interest rates as traders may have already priced the possibility of a rate hike into the market, reported Reuters.

So what does this mean? Well, it will sharply slow any further devaluing of the Japanese currency. Analysts think the BOJ is beginning to get the market used to the idea that the economy will soon need less monetary stimulus. And it’s about time, considering Kuroda said in February that the central bank was unlikely to increase the stimulus program.

“If the Bank of Japan does not feel the yen should weaken further, that should reduce expectations for policy easing,” Brian Daingerfield, a currency strategist at RBS Securities in Stamford, Conn., told Reuters.

However, not everyone thinks BOJ can stop the process with a few magic words.

“No amount of rhetoric will slow the dollar rally if the Fed does indeed move to normalize rates,” Boris Schlossberg, managing director of FX strategy at BK Asset Management, told Marketwatch.

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