#USDJPY @ 144.561 Breaking: jumps as BOJ keeps policy settings steady
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The Bank of Japan (BOJ) board members decided on Thursday to make no changes to its monetary policy settings, holding rates at -10bps while maintaining 10yr JGB yield target at 0.00%. The announcement comes after the central bank concluded its two-day policy review meeting.’
The yen saw a fresh selling wave on the expected BOJ announcement, driving the USD/JPY pair higher above 145.00. The pair was last seen trading +0.83% on the day at 145.26.
BoJ Interest Rate Decision is announced by the Bank of Japan. Generally, if the BoJ is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the JPY. Likewise, if the BoJ has a dovish view on the Japanese economy and keeps the ongoing interest rate, or cuts the interest rate it is negative, or bearish.
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