Market Overview

USD/JPY Steady, BOJ Leaves Policy Unchanged

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USD/JPY is trading at 104.99, up 0.17.

The pair is trading rangebound.

Market talk about from Bank of Japan (BOJ) Governor Haruhiko Kuroda is making the rounds.

The Bank of Japan (BOJ) left the nation's interest rate unchanged at negative 0.1 percent. BOJ policymakers also left Japanese Government 10-year bond yield target at zero percent. The BOJ released a quarterly review of the central bank forecast and extended the timing for reaching 2 percent inflation to fiscal year 2018.

Japan's Nikkei Manufacturing PMI (purchasing managers survey) edged up to 51.4 during October from 50.4 in September.

 

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Posted-In: Japanese Yen USD/JPY yenFutures Forex Markets