As expected

  • 60-70 trillion annual increase in monetary base remains
  • They have revised up their economic assessment
  • Says economy is recovering moderately
  • BOJ board member Kiuchi proposed making 2% inflation target a medium- to long-term goal, was voted down 8 – 1

USD/JPY is showing little reaction.

It is currently trapped below big sellers 99.80 – 100.00.

On the downside, bids again 99.00 – 99.20

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Link to full statement