USD/JPY losing more ground now after the Bank of Japan ‘on hold’ decision

The news from the Bank of Japan:

• Bank of Japan leaves rates unchanged, as widely expected

With little initial response

• USD/JPY is little changed after the Bank of Japan statement, around 153.35

This seems to be feeding into a stronger yen, though of course correlation is not causation:

• North Korea says its ICBM test set new records

North Korea is correct on the ‘set new records’. Its ICBM flew at an altitude over 7,000km, covered a range of 1,000km and had the longest flight time.

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USD/JPY update:

This article was written by Eamonn Sheridan at www.forexlive.com. Source