BoJ stands pat on yield control policy, USD/JPY rockets – Crypto News – Crypto News
Connect with us
Fed's Powell says restoring price stability to require a restrictive policy stance for 'some time' Fed's Powell says restoring price stability to require a restrictive policy stance for 'some time'

others

BoJ stands pat on yield control policy, USD/JPY rockets – Crypto News

Published

3 years ago

on

At its first monetary policy meeting of this year, the Bank of Japan (BoJ) board members decided to make no changes to their monetary policies 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, making nimble responses for each maturity.

Market response

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.

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending