Breaking: BoJ stands pat on monetary policy, USD/JPY slumps

Market news

20 December 2022

Breaking: BoJ stands pat on monetary policy, USD/JPY slumps

At the final monetary policy meeting of this year, the Bank of Japan (BoJ) board members decided to maintain their monetary policy settings in December, leaving rates unchanged at -10bps and 10yr JGB yield target steady at 0.00%.

Summary of the statement

BoJ made decision on ycc by unanimous vote.

Will review operation of yield curve control.

Japan's market function has declined.

Market reaction

USD/JPY comes under heavy selling pressure in a knee-jerk reaction. The pair is currently trading at 134.33, shedding 1.85% on the day.

Currencies. Daily history for Tuesday, December 20, 2022

Commodities. Daily history for Monday, December 19, 2022

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.