Skip to Content
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.

Free Trading Guides
Please try again

Live Webinar Events


Economic Calendar Events


Notify me about

Live Webinar Events
Economic Calendar Events






More View More
Japanese Yen Continues Rise after Unchanged BOJ Announcement

Japanese Yen Continues Rise after Unchanged BOJ Announcement

Shawn Jagpal, Contributor


Want to trade with proprietary strategies developed by FXCM? Find out how here.

Talking Points:

  • Bank of Japan Keeps Annual Monetary Base Growth Rate at ¥80T as Expected
  • Yen higher After BOJ Announcement But Priced-in Policy Show Outlook Static
  • Have Economic ReleasesDirectly on Your Charts with the DailyFX News App

The Bank of Japan kept monetary policy unchanged by maintaining the annual pace of increase in the monetary base at ¥80 trillion, meeting economists’ expectations. Officials voted 8-1 to keep policy as is. The central bank sees long term inflation expectations rising and sees the economy recovering in the long term. The BOJ sees FY2015 core CPI at 1.0% and has stated that QQE will continue until a 2 percent inflation is achieved.

The Japanese Yen continued its rise against major currencies after the status quo announcement crossed the wires. The move mirrored a rise in Japan’s ten year bond yields, a proxy for monetary policy. Priced-expectations indicate that currently the market isn’t expecting the Bank of Japan to alter course on stimulus for the foreseeable future. The BOJ governor, Haruhiko Kuroda, will hold a briefing about the policy statement at 06:30 GMT today. Stay tuned to the DailyFX Real-time News Feed.

USD/JPY – 5min Chart – Created Using FXCM Marketscope

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