The Bank of Japan maintained its short term interest rate target at 0.25%, as expected, in a unanimous decision.
In its report the Bank made mention, specifically of FX impacts. Worth being aware of this. It doesn’t change the reaction of Japanese authorities to a rapidly falling yen, I wouldn’t think.
USD/JPY has done very little in response, apart from a wild wiggle at first.
This article was written by Eamonn Sheridan at www.forexlive.com. Source