USD/JPY bounces back after the dovish BOJ interest rate decision

The USD/JPY pair pulled-back after the final interest rate decision by the Bank of Japan (BOJ). It is trading at 103.37, which is higher than yesterday’s low of 102.87. The BOJ delivered its interest rate decision that was in line with what analysts were expecting. It decided to leave interest rates unchanged at -0.10, where they’ve been since 2015. Also, the bank committed to continuing acquiring assets in a bid to boost the economy. The only change was that the bank lengthened its duration of making these acquisitions by another six months until the end of September 2021. The upper limit of the quantitative … (full story)

Let's Have A Chat ​


please, upload jpg, jpeg, png or pdf files only