Forex (SPOT)

USDJPY: After BoJ’s decision & Our Forecast

Bank of Japan Governor Kazuo Ueda kept investors in the dark over when he will scrap the world’s last negative interest rate while leaving little doubt that a move is in the pipeline.

The BOJ maintained its -0.1% short-term rate and kept its yield curve control parameters intact Tuesday. It also updated its price and growth forecasts with no overall change to the picture of an economy heading slowly toward its first rate hike since 2007.

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