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. See our updated Privacy Policy here.



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
More View more
Yen Unimpressed as Bank of Japan Keeps Policy at Status Quo

Yen Unimpressed as Bank of Japan Keeps Policy at Status Quo

Rajyavardhan Pasari,

Talking Points:

  • Bank of Japan Keeps Monetary Base Target Unchanged at ¥270 Trillion
  • BOJ: Moderate Recovery Seen Despite Tax Hike, Inflation Stable at 1.25%
  • Yen Little-Changed as BOJ Announcement Lacks Surprises for Traders

The Japanese Yen remained broadly unchanged against its major global counterparts after the Bank of Japan delivered its monetary policy announcement. The central bank maintained its monetary base target at ¥270 trillion and stuck with the pledge to increase it by ¥60 to ¥70 trillion each year, as expected.Officials restated that monetary easing was having its intended effect and saw the inflation rate stable around 1.25 percent for the time being. The Bank also maintained their expectations of a moderate recovery in the economy, despite this year’s sales tax hike.

The Yen’s limited response to the policy announcement likely reflected the outcome’s alignment with priced-in expectations. Governor Kuroda and company did not deliver anything materially different from the status-quo this time around, offering no meaningful impetus for traders to readjust their positions.

Yen Unimpressed as Bank of Japan Keeps Policy at Status Quo

USDJPY [30 mins – 09/04/2014] Chart created using FXCM Marketscope

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