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USD/JPY remains pressured around 113.50 on BOJ inaction, Kuroda, US GDP eyed
USD/JPY tests the intraday low surrounding 113.50 during the second consecutive daily fall on early Thursday. In doing so, the yen pair pays a little heed to the Bank of Japan’s (BOJ) widely anticipated moves. The BOJ once again proved the market right by holding the benchmark rate unchanged at around -0.10% with the 10-year Japanese Government Bond (JGB) yield target near 0%. In addition to the rate settings and bond targets, the BOJ also announced a downward revisiting to the quarterly economic forecasts for 2021-22. In its latest prediction, the BOJ expects core CPI to print 0.0% figures versus 0.6% forecast in ... (full story)