Analysts at TD Securities note that the BoJ unsurprisingly left policy unchanged, but adjusted its forward guidance. Key Quotes “The 10 year yield target was left at ‘about 0%’ and policy balance rate was maintained at -0.1%. The main change was the commitment “to keep extremely low rates at least through around Spring 2020″. BoJ lowered both FY 2019 and FY 2020 growth forecasts to 0.8% and 0.9%, respectively (previously 0.9% and 1%) while tweaking the CPI forecast lower for FY 2020 lower.” “Overall, the explicit commitment on low rates and lower CPI/growth forecasts paints a more dovish message, reflecting the difficulty in achieving the inflation target. Other tweaks include expanding the eligible collateral for provision of credit and considering a facility to lend ETFs to investors. The outcome helped to arrest the downward move in USDJPY today.” 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 Ripple price analysis: XRP/USD dances around $0.3000, where are the buyers? FX Street 4 years Analysts at TD Securities note that the BoJ unsurprisingly left policy unchanged, but adjusted its forward guidance. Key Quotes "The 10 year yield target was left at 'about 0%' and policy balance rate was maintained at -0.1%. The main change was the commitment "to keep extremely low rates at least through around Spring 2020". BoJ lowered both FY 2019 and FY 2020 growth forecasts to 0.8% and 0.9%, respectively (previously 0.9% and 1%) while tweaking the CPI forecast lower for FY 2020 lower." "Overall, the explicit commitment on low rates and lower CPI/growth forecasts paints a more dovish message, reflecting… 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.
