JPY BOJ Rate Decision!

Tom Stewarton 28/10/2021|
1 min read

The Bank of Japan announced their Interest Rate Decision today, and released their monetary policy statement. Rates remain at -0.1% as was the consensus. The BOJ is seen cutting growth and price outlook ahead of the Oct 31 election. USD/JPY looks south but Governor Kuroda’s take on the yen holds the key.

The USDJPY is largely unchanged by the news, currently trading below the daily open.

USD/JPY 5m Chart – 28 October 2021