The Bank of Japan monetary policy statement today was not nearly as dramatic as the Federal Reserve nor the Bank of England ea
The Bank of Japan monetary
policy statement today was not nearly as dramatic as the Federal
Reserve nor the Bank of England earlier in the week. The BOJ left its
main policy measures unchanged but did say it’d be ‘tapering’
some of its extra coronavirus support programs after March of 2022. In
a nutshell support for larger firms will be gradually scaled back
while support for small firms will be extended by another 6 months.
USD/JPY
had trade a touch higher in morning trade to levels just over 113.80
before retracing back to sit above 113.60 into the BOJ statement.
There it has remained since the statement was issued. Next on the
agenda
from
the
Bank of Japan is Governor Kuroda’s press conference at 0630 GMT.
The
small range in USD/JPY was the case for most other major FX. AUD, NZD
and CAD are all a touch weaker against the USD though and are testing
US’ Thursday lows as I post (in small ranges).
USD/CAD testing its Thursday US time high:
www.forexlive.com