USD/JPY Little Changed, BOJ Makes No change to Policy

USD/JPY is trading at 113.53, down 0.16.

The Bank of Japan (BOJ) left the nation's interest rate unchanged at negative 0.1 percent. BOJ policymakers decided to maintain the 10-year government bond yield target around zero percent and raised their economic growth forecast for the 2017 fiscal year to 1.5 percent versus 1.3 percent in their previous forecast. The BOJ policy board extended by a year the deadline for its loan program intended to increase lending to industries with growth potential.