Breaking: BoJ stands pat on monetary policy, USD/JPY slumps
|At the final monetary policy meeting of this year, the Bank of Japan (BoJ) board members decided to maintain their monetary policy settings in December, leaving rates unchanged at -10bps and 10yr JGB yield target steady at 0.00%.
Summary of the statement
BoJ made decision on ycc by unanimous vote.
Will review operation of yield curve control.
Japan's market function has declined.
Market reaction
USD/JPY comes under heavy selling pressure in a knee-jerk reaction. The pair is currently trading at 134.33, shedding 1.85% on the day.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.