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BoJ keeps plan to raise monetary base by an anual ¥60-70TR

FXstreet.com (Barcelona) - The Bank of Japan has announced that it will keep the monetary policy unchanged by an unanimous vote, with the increase in the monetary base at the expected pace of ¥60-70 trillion, but nothing new was announced.

The BoJ did not make any mention to the impact that the radical easing measures is having on Japan's bond marker, where yields have been rising steadily in recent weeks. It was never expected to make any specific comments, but it may be seen as a slight disappointment by the market.

The BoJ added it may re-think its monetary base targets as best fit the economy. Besides, the economic outlook was upgraded.

Japan May 22 BoJ Interest Rate Decision stays unchanged at 0.1%

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USD/JPY steady near 102.50 after BoJ Monetary Policy release

The USD/JPY is still trading in a narrow range after the most recent BoJ monetary policy release, up 10 pips at 102.50
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