FxWirePro: Yen volatile after BoJ decides to modify policy framework, USD/JPY spikes to test 50-DMA at 102.60
Bank of Japan maintains -0.1 pct negative interest rate in line with forecasts and keeps monetary policy base unchanged at 80 trl yen. The central bank decides to modify its policy framework, to abandon monetary base tar…
Bank of Japan maintains -0.1 pct negative interest rate in line with forecasts and keeps monetary policy base unchanged at 80 trl yen.
The central bank decides to modify its policy framework, to abandon monetary base target, adopts QQE with yield curve control.
USD/JPY volatile after BoJ rate decision, witnessed wild swings, slipped to lows of 101 and then popped to test 50-DMA at 102.60.
Clear break above 50-DMA at 102.60 to see upside upto 103.19 (23.6% Fib) and then 103.35 (Sept 14 high).
Markets assess policy decision as dovish, focus now turns towards Governor Kuroda’s presser, while markets continue to digest the latest policy decision.
