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No Change from the BOJ

As expected we got no change from the BOJ with the short-term interest rate target maintained at -0.1 pct.

The USD/JPY has barely moved today but is lower on the session.

Price did sell-off a bit, but it hasn’t been anything significant. Much like the announcement really.

It does look like interest rates will be staying low for a significant period of time in Japan.

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Rowan Crosby
Asia-Pacific Analyst
Rowan Crosby is a professional futures trader from Sydney, Australia. Rowan has extensive experience trading commodities, bonds and equity futures in the Asian, European and US markets. Rowan holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.
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