• Breaking: BoJ stands pat on yield control policy, USD/JPY rockets

Noticias del mercado

18 enero 2023

Breaking: BoJ stands pat on yield control policy, USD/JPY rockets

At its first monetary policy meeting of this year, the Bank of Japan (BoJ) board members decided to make no changes to their monetary policy settings in December, maintaining rates  at -10bps and 10yr JGB yield target unchanged at 0.00%.

 

Summary of the statement

No change to yield band.

Decided to extend by one year fund operation to support financial institutions' lending.

No change to forward guidance on interest rates.

Decided to enhance fund supply operation against pooled collateral.

Expands range of eligible parties for climate change funding scheme.

BoJ maintains guidance that it will continue large-scale JGB buying, make nimble responses for each maturity.

Market reaction

USD/JPY storms through the 130.00 level on BoJ’s inaction. The pair is currently trading at 130.20, adding 1.57% on the day.

Enfoque del mercado
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
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: