Asia Pac trading witnessed the Bank of Japan (BoJ) maintain its negative short-term Policy Rate at -0.1% as well as its yield curve control (YCC). The central bank also made no change to its (dovish) policy guidance, despite some desks anticipating a tweak in the language to signal when we may see an end to negative interest rates. Following the release, the USD/JPY fleetingly dropped to a low of ¥142.47 before reclaiming pre-announcement levels and clocking a high just beyond ¥144.00. Later in the day, just ahead of the US cash open, US housing starts and Canadian CPI came in stronger than expected. Year-on-year ... (full story)