The Bank of Japan held a two-day meeting where it concluded to maintain its ultra-dovish monetary policy. The market anticipated them to tweak their stimulus program with inflation pressure rising, however, BoJ Governor Kuroda defied expectations by not making any changes to Yield Curve Control targets. This sent Yields lower for Japanese Government Bonds which […]
The Bank of Japan didn’t alter policy last night and a large wave of Yen-weakness appeared; but that’s been faded in most pairs already as markets brace for change from the BoJ, at some point.