News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Wall Street
More View more
Real Time News
  • Cable has enjoyed a prolonged period of gains against the US dollar during the last quarter of 2020 and the early days of 2021 thus far. Get your $GBPUSD market update from @RichardSnowFX here:
  • Biden team fears virus surge imperils pledge to curb pandemic -BBG $USD $DXY $SPX $ES_F $SPY #Stocks
  • #Bitcoin continues its recent slump, now down almost 2.5% today $BTC $USD
  • Dollar Index remains above 90 as US equities put in a strong session $USD $DXY
  • Commodities Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Silver: 2.28% Gold: 1.47% Oil - US Crude: -0.15% View the performance of all markets via
  • EUR/USD carves a series of higher highs and lows ahead of the European Central Bank’s (ECB) first meeting for 2021. Get your $EURUSD market update from @DavidJSong here:
  • Silver noticeably higher during trade, now up over 2% $XAG $USD
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Wall Street are at opposite extremes with 66.19%. See the summary chart below and full details and charts on DailyFX:
  • Canadian #Dollar Outlook: $USDCAD BoC Breakdown– #Loonie Levels -
Forex News: BoJ Moderately Expands Monetary Policy, USD/JPY Unchanged

Forex News: BoJ Moderately Expands Monetary Policy, USD/JPY Unchanged

Gary Kerdus,

THE TAKEAWAY: Bank of Japan increased Asset Purchase Fund by 10 trillion yen > BoJ to discuss inflation target next meeting > USD/JPY little changed

The Japanese yen was little changed as the Bank of Japan increased their Asset Purchase Fund to 76 trillion yen, up from 66 trillion previously, while the Credit Loan program was left unchanged at 25 trillion yen bumping the total asset and credit facility program to 101 trillion yen. The key benchmark rate was left unchanged at 0.10%. Policy officials said they would increase Japanese government bond (JGB’s) purchases by 5 trillion yen and also increase purchases of treasury securities by 5 trillion.

The central bank said they would ‘examine’ the inflation target next meeting possibly implying that newly elected Prime Minister Abe may meet with BoJ officials to discuss his plans to get the Japanese economy to produce two percent inflation. Abe also said that he would like to bring down the value of the currency, boost export growth and put an end to deflation.

Forex traders likely responded with little selling effort on the yen as the Japanese currency has been aggressively sold leading up to Abe’s election victory. This round of asset purchase expansion offered little surprise to markets, but next month’s meeting may produce a substantial boost to FX volatility as Abe has a chance to influence the central bank to get more aggressive on their dovish monetary policy efforts.

USD/JPY, 1 Minute Chart

Forex_News_BoJ_Moderately_Expands_Monetary_Policy_USDPY_Unchanged_body_Picture_1.png, Forex News: BoJ Moderately Expands Monetary Policy, USD/JPY Unchanged

USD/JPY, Daily Chart

Forex_News_BoJ_Moderately_Expands_Monetary_Policy_USDPY_Unchanged_body_Picture_4.png, Forex News: BoJ Moderately Expands Monetary Policy, USD/JPY Unchanged

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.