Analysts at Danske Bank note that as widely expected, the BoJ this morning kept the policy rate unchanged at -0.1%, but introduced ‘forward guidance’, with the intention to keep short- and long-term rates ‘very low for an extended period of time’. Key Quotes “The BoJ said that it would likely take more time than expected to reach the 2% inflation target, as the inflation forecasts were reduced. Importantly, the 10Y yield target was kept unchanged around 0.1%. The BoJ will now allow more flexibility in bond operations and allow more upward and downward movements in 10-year JGB yields.” “JGB 10 year yields are lower after the announcement as market speculation that the 10-year yield target could be lifted to secure a steeper curve was wrong. Japanese stocks were little changed after the announcement. USD/JPY is higher on the announcement.” 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 Bitcoin price analysis: BTC/USD rushed back above $8,100 amid speculations about upcoming Bitcoin ETF FX Street 5 years Analysts at Danske Bank note that as widely expected, the BoJ this morning kept the policy rate unchanged at -0.1%, but introduced 'forward guidance', with the intention to keep short- and long-term rates 'very low for an extended period of time'. Key Quotes "The BoJ said that it would likely take more time than expected to reach the 2% inflation target, as the inflation forecasts were reduced. Importantly, the 10Y yield target was kept unchanged around 0.1%. The BoJ will now allow more flexibility in bond operations and allow more upward and downward movements in 10-year JGB yields." "JGB 10… 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.
