BOJ keeps monetary policy steady, revises up inflation forecasts

Dhwani Mehta FXStreet

At its first monetary policy meeting of 2022, the Bank of Japan (BOJ) left its policy settings unchanged, although offered an optimistic outlook on inflation.

Key takeaways

BOJ made a decision on yield curve control by 8-1 vote.

BOJ board member Kataoka dissented to the decision on YCC.

Market reaction

In an initial reaction to the BOJ decision, USD/JPY traded modestly higher near 114.60. Although, bulls quickly jumped in and took the major towards 115.00.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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