BOJ eases more than expected

FXstreet.com (Barcelona) - The BOJ left the overnight call rate range unchanged between 0.0% and 0.1%. Amid much anticipated expectations of the BoJ following the Fed and ECB with further easing, the bank decided to increase the APP program by 10 trillion yen. The increase in the size corresponds to additional increases of treasury disccount bills by 5trillion yen and purchases in JGBs by another 5 trillion. BOJ keeps monthly JGB purchases at 1.8 trillion yen. As John Noonan, Head of IFR Markets, notes: "BOJ has eased a bit more than most were expecting. Market likes it and USD/JPY testing 79.00 level from 78.70 before announcment."

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