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.
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.
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