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

Noticias del mercado

20 diciembre 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.

Enfoque del mercado
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