The Bank of Japan (BOJ) is out with a statement following the announcement of launching a new lending facility at its emergency meeting held on Friday. Key headlines “Will extend term of loans for lending scheme aimed at combating virus fallout to 6 months from 3 months.“ “Market operation to offer loans under a virus-combatting lending scheme, which will be conducted twice a month from June through Aug, will be conducted once a month from Sept.” The central bank also extended the deadline for a series of measures it has deployed to combat the virus fallout, including accelerated corporate debt buying, by six months to March 2021. The BOJ, however, kept monetary policy settings unchanged, with its short-term interest rate target of -0.1% and a pledge to guide the 10-year government bond yield around 0%. Market reaction On the BOJ’s fresh policy measures and risk-off market profile, the Japanese yen continues to draw bids. At the time of writing, USD/JPY challenges low at 107.55, down 0.05% on the day. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NZD/USD Price Analysis: Nursing losses after rejection at 0.6130 FX Street 2 years The Bank of Japan (BOJ) is out with a statement following the announcement of launching a new lending facility at its emergency meeting held on Friday. Key headlines “Will extend term of loans for lending scheme aimed at combating virus fallout to 6 months from 3 months.“ “Market operation to offer loans under a virus-combatting lending scheme, which will be conducted twice a month from June through Aug, will be conducted once a month from Sept.” The central bank also extended the deadline for a series of measures it has deployed to combat the virus fallout, including accelerated corporate debt… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
