USD/JPY No response to BOJ’s status quo decision

USD/JPY No response to BOJ’s status quo decision

25 Apr 2019 09:46 AM
 
The Bank of Japan kept key policy tools unchanged, as expected, a few minutes before press time, leaving the USD/JPY largely unaffected near 112.00.
The central bank rates kept the interest rates at -10bps while maintaining 10yr JGB yield target at 0.00%.
The BOJ vote was 8 to 1, leaving its pledge to buy JGBs unchanged so that its holdings increase at an annual pace of around 80 trillion yen.
The decision on maintaining its interest rate targets was made by a 7-2 vote with board members Goushi Kataoka and Yutaka Harada dissenting.

 

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