{"id":234246,"date":"2024-01-23T09:25:19","date_gmt":"2024-01-23T03:55:19","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=234246"},"modified":"2024-01-23T09:25:19","modified_gmt":"2024-01-23T03:55:19","slug":"bank-of-japan-keeps-interest-rate-unchanged-at-0-1-as-expected-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bank-of-japan-keeps-interest-rate-unchanged-at-0-1-as-expected-crypto-news\/","title":{"rendered":"Bank of\u00a0Japan keeps interest rate unchanged at -0.1% as expected – Crypto News"},"content":{"rendered":"

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The Bank of Japan (BoJ) board members decided to make no changes to their\u00a0current\u00a0policy\u00a0settings, following its January\u00a0monetary policy\u00a0review meeting on Tuesday.<\/p>\n

The Japanese central bank held the\u00a0interest rate\u00a0and 10-year JGB yield target steady at -10bps and 0% respectively. The BoJ maintains its yield curve control (YCC) policy of allowing 10-year government bond yields to move up to around 1.0%.<\/p>\n

The BoJ left the forward guidance on monetary policy unchanged.<\/p>\n

BOJ quarterly report<\/strong><\/h2>\n
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\u201cRisks to economic activity generally balanced.\u201d<\/p>\n

\u201cNeed to closely monitor whether virtuous cycle between wages and prices will intensify.\u201d<\/p>\n

\u201cWill continue with QQE with YCC as long as needed.\u201d<\/p>\n

\u201cWon’t hesitate to take additional easing steps if needed.\u201d<\/p>\n

\u201cBoJ will patiently continue with monetary easing while nimbly responding to developments.\u201d<\/p>\n

\u201cJapan’s financial system has maintained stability on the whole.\u201d<\/p>\n

\u201cUncertainty remains but likelihood of achieving sustained 2% inflation continues to gradually heighten.\u201d<\/p>\n

\u201cJapan’s economy likely to continue recovering moderately.\u201d<\/p>\n

\u201cMust be vigilant to financial, fx market moves and their impact on japan’s economy, prices.\u201d<\/p>\n

\u201cInflation expectations gradually heightening.\u201d<\/p>\n

\u201cCore consumer inflation moving below 2.5%, partly reflecting moderate rise in service prices.\u201d<\/p>\n

\u201cConsumption continues to rise moderately.\u201d<\/p>\n<\/blockquote>\n

Market reaction to the BoJ policy announcements<\/strong><\/h2>\n

USD\/JPY\u00a0attracts some buyers following the BoJ\u2019s policy announcements. The pair is currently trading at 148.37, up 0.22% on the day.<\/p>\n

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USD\/JPY: 15-minutes chart<\/small><\/em><\/p>\n

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Japanese Yen price in the last 7 days<\/strong><\/h2>\n

The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies in the last 7 days. Japanese Yen was the weakest against the Pound Sterling.<\/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>\n0.48%<\/td>\n-0.08%<\/td>\n0.25%<\/td>\n0.86%<\/td>\n1.64%<\/td>\n1.55%<\/td>\n1.29%<\/td>\n<\/tr>\n
EUR<\/strong><\/td>\n-0.49%<\/td>\n\u00a0<\/td>\n-0.56%<\/td>\n-0.23%<\/td>\n0.37%<\/td>\n1.16%<\/td>\n1.07%<\/td>\n0.83%<\/td>\n<\/tr>\n
GBP<\/strong><\/td>\n0.08%<\/td>\n0.55%<\/td>\n\u00a0<\/td>\n0.31%<\/td>\n0.93%<\/td>\n1.71%<\/td>\n1.62%<\/td>\n1.36%<\/td>\n<\/tr>\n
CAD<\/strong><\/td>\n-0.25%<\/td>\n0.23%<\/td>\n-0.32%<\/td>\n\u00a0<\/td>\n0.61%<\/td>\n1.40%<\/td>\n1.31%<\/td>\n1.05%<\/td>\n<\/tr>\n
AUD<\/strong><\/td>\n-0.86%<\/td>\n-0.38%<\/td>\n-0.93%<\/td>\n-0.62%<\/td>\n\u00a0<\/td>\n0.79%<\/td>\n0.70%<\/td>\n0.44%<\/td>\n<\/tr>\n
JPY<\/strong><\/td>\n-1.68%<\/td>\n-1.19%<\/td>\n-1.75%<\/td>\n-1.43%<\/td>\n-0.83%<\/td>\n\u00a0<\/td>\n-0.09%<\/td>\n-0.37%<\/td>\n<\/tr>\n
NZD<\/strong><\/td>\n-1.59%<\/td>\n-1.09%<\/td>\n-1.64%<\/td>\n-1.34%<\/td>\n-0.71%<\/td>\n0.08%<\/td>\n\u00a0<\/td>\n-0.27%<\/td>\n<\/tr>\n
CHF<\/strong><\/td>\n-1.31%<\/td>\n-0.83%<\/td>\n-1.38%<\/td>\n-1.06%<\/td>\n-0.44%<\/td>\n0.36%<\/td>\n0.27%<\/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 as a preview of the Bank of Japan Interest Rate Decision at 23:00 GMT.<\/i><\/p>\n