Everything same.... I was waiting for more dovish comments after ECB action. Not hawkish and not dovish. Under these condition we may start to see a correction to 109 levels with high probability.
Statement on Monetary Policy
At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan decided upon the following. (1) Yield curve control The Bank decided, by an 7-2 majority vote, to set the following guideline for market operations for the intermeeting period. The short-term policy interest rate: The Bank will apply a negative interest rate of minus 0.1 percent to the Policy-Rate Balances in current accounts held by financial institutions at the Bank. The long-term interest rate: The Bank will purchase Japanese government bonds (JGBs) so that 10-year JGB yields will remain at around zero percent. With regard to the amount ... (full story)
Added @ 11:30pm
BOJ keeps policy steady, cuts view on exports and output
The Bank of Japan kept monetary policy steady on Friday and offered a bleaker assessment of exports and output, nodding to heightening overseas risks that could threaten to derail a fragile economic recovery. The central bank also modified its view on Japan’s overall economy, pointing to the impact from slowing overseas growth. In a widely expected move, the BOJ maintained its short-term interest rate target at minus 0.1 percent and a pledge to guide 10-year government bond yields around zero percent. The decision on maintaining its interest rate targets was made by a 7-2 vote with board members Goushi Kataoka and Yutaka ... (full story)
- Posted: Mar 14, 2019 11:27pm
- Submitted by:Category: High Impact Breaking NewsComments: 2 / Views: 1,912