The Japanese Yen rose a little against the US Dollar after the Bank of Japan did as was universally expected and maintained all its monetary settings. That left the key short-term interest rate at minus 0.1%, the ten-year Japanese government bond yield at 0% and the annualized pace of bond purchases steady at around JPY 80 trillion (US$721 billion). The Bank of Japan kept its forecast for core consumer price inflation for the 2017/18 fiscal year unchanged at 0.8%. It expects the domestic economy to continue to expand modesty and said that it would stick with current ‘qualitative and quantitative’ monetary easing ... (full story)