OctaFX | OctaFX Forex Broker
Open trading account
Back

BoJ: Little clues on further easing by month-end

FXStreet (Bali) - The Bank of Japan kept its monetary policy steady, pledging to increase monetary base at annual pace of 80 trln yen.

Today's decision does not provide new hints on whether or not further easing will come into action when the bank meets again in Oct 30th.

Additional headlines via Bloomberg

Some cautiousness in business sentiment in some areas

Business sentiment has stayed at favorable level

BOJ sees economy continuing to recover moderately

CPI likely to be about 0% for time being

Easing is exerting intended effects

Inflation expectations rising from longer-term view

BOJ votes 8-1 to keep monetary base target unchanged

To continue QQE until stable 2% inflation maintained

Says to watch risks, adjust policy as appropriate

Japan's economy has continued to recover moderately

Long USD/SGD into MAS policy easing - NAB

We believe the MAS will ease monetary policy next week and recommend entering long USD/SGD 1M forward outright at 1.4261 (spot reference 1.4241), targeting 1.45 (spot reference) with a stop at 1.4150 (spot reference).
Read more Previous

EUR/JPY drops to 20-DMA and recovers post BOJ

A renewed bout of selling interest was seen in the EUR/JPY in the mid-Asian trades, knocking-off the cross to the 20-DMA support after the BOJ decided to leave its monetary policy unchanged, only to recover near 135.20 region.
Read more Next
Start livechat