USD/JPY jumped back to 150 on the Bank of Japan statement

The last time the Bank of Japan allowed an expanded range for the 10 year JGB yield tolerance band the Bank explained this was to make ultra-easy policy more sustainable. Today the BOJ set the 1% cap more firmly in place, cementing that reasoning, it looks like loose policy is set in place for still some time to come.

USD/JPY was marked higher, 1-minute bars to give you a picture of the response:

This article was written by Eamonn Sheridan at Source