{"id":184151,"date":"2023-10-31T09:12:02","date_gmt":"2023-10-31T03:42:02","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=184151"},"modified":"2023-10-31T09:12:02","modified_gmt":"2023-10-31T03:42:02","slug":"boj-keeps-interest-rate-steady-tweaks-ycc-guidance-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/boj-keeps-interest-rate-steady-tweaks-ycc-guidance-crypto-news\/","title":{"rendered":"BoJ keeps interest rate steady, tweaks YCC guidance – Crypto News"},"content":{"rendered":"

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The Bank of Japan (BoJ) board members decided to leave their\u00a0current\u00a0policy\u00a0settings unadjusted, following its October monetary policy review meeting.<\/p>\n

The Japanese central bank maintained the\u00a0interes<\/strong><\/a>t rate\u00a0and 10-year JGB yield target at -10bps and 0% respectively.<\/p>\n

Summary of the BoJ policy statement<\/strong><\/h2>\n
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Changes language around 1.0% 10-year JGB yield cap.<\/p>\n

Decides to keep yield target but make 1% a reference cap.<\/p>\n

Will guide market operations nimbly.<\/p>\n

Will regard upper bound of 1% for 10-year JGB yield as reference in its market ops.<\/p>\n

Will determine offer rate for fixed-rate JGB buying ops each time, taking account market rates and other factors.<\/p>\n

Decides to make YCC more flexible.<\/p>\n

Wages, prices must strengthen in virtuous cycle.<\/p>\n

BoJ will patiently continue monetary easing under YCC to support economic activity, create environment where wages rise more.<\/p>\n

Appropriate to make YCC more flexible given very high uncertainty over economy, markets.<\/p>\n<\/blockquote>\n

USD\/JPY reaction to the BoJ policy announcements<\/h2>\n

USD\/JPY<\/strong><\/a>\u2019s recovery regained traction on the BoJ\u2019s policy announcements. The pair is currently trading at 150.05, up 0.64% on the day, having jumped from near 149.35 in a knee-jerk reaction to the BoJ decision.<\/p>\n

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USD\/JPY: 15-minutes\u00a0chart<\/strong><\/a><\/em><\/p>\n

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Japanese Yen price today<\/h2>\n

The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the Australian Dollar.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\nUSD<\/strong><\/td>\nEUR<\/strong><\/td>\nGBP<\/strong><\/td>\nCAD<\/strong><\/td>\nAUD<\/strong><\/td>\nJPY<\/strong><\/td>\nNZD<\/strong><\/td>\nCHF<\/strong><\/td>\n<\/tr>\n
USD<\/strong><\/td>\n\u00a0<\/td>\n0.17%<\/td>\n0.18%<\/td>\n0.12%<\/td>\n0.34%<\/td>\n0.57%<\/td>\n0.20%<\/td>\n0.07%<\/td>\n<\/tr>\n
EUR<\/strong><\/td>\n-0.18%<\/td>\n\u00a0<\/td>\n0.00%<\/td>\n-0.03%<\/td>\n0.15%<\/td>\n0.39%<\/td>\n0.01%<\/td>\n-0.10%<\/td>\n<\/tr>\n
GBP<\/strong><\/td>\n-0.21%<\/td>\n-0.05%<\/td>\n\u00a0<\/td>\n-0.07%<\/td>\n0.10%<\/td>\n0.35%<\/td>\n-0.02%<\/td>\n-0.15%<\/td>\n<\/tr>\n
CAD<\/strong><\/td>\n-0.14%<\/td>\n0.07%<\/td>\n0.04%<\/td>\n\u00a0<\/td>\n0.20%<\/td>\n0.45%<\/td>\n0.06%<\/td>\n-0.06%<\/td>\n<\/tr>\n
AUD<\/strong><\/td>\n-0.34%<\/td>\n-0.15%<\/td>\n-0.15%<\/td>\n-0.17%<\/td>\n\u00a0<\/td>\n0.24%<\/td>\n-0.14%<\/td>\n-0.27%<\/td>\n<\/tr>\n
JPY<\/strong><\/td>\n-0.58%<\/td>\n-0.40%<\/td>\n-0.39%<\/td>\n-0.47%<\/td>\n-0.25%<\/td>\n\u00a0<\/td>\n-0.38%<\/td>\n-0.50%<\/td>\n<\/tr>\n
NZD<\/strong><\/td>\n-0.19%<\/td>\n-0.01%<\/td>\n0.01%<\/td>\n-0.03%<\/td>\n0.14%<\/td>\n0.38%<\/td>\n\u00a0<\/td>\n-0.12%<\/td>\n<\/tr>\n
CHF<\/strong><\/td>\n-0.08%<\/td>\n0.11%<\/td>\n0.11%<\/td>\n0.06%<\/td>\n0.25%<\/td>\n0.51%<\/td>\n0.12%<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)\/JPY (quote).<\/p>\n<\/div>\n

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This section below was published at 23:00 GMT as a preview of the Bank of Japan (BoJ) policy announcements.<\/em><\/p>\n