More from the BOJ after they left policy unchanged

The announcement:

• BOJ monetary policy left unchanged, as expected

And the yen response .... note:

• While there is no sign of Bank of Japan intervention in the market there are signs of large Pension funds and or exporters hitting USD/JPY quite hard, if so its likely on the request of authorities.

• USD/JPY hit a 24 year high after the BOJ announcement

More from the Bank:

• Japan's economy is likely to recover as the pandemic's impact, supply constraints ease
• Japan's core consumer inflation likely to accelerate toward year-end on rising energy, food and durable goods prices
• Rise in Japan's core consumer inflation is likely to slow thereafter
• Japan's upward price pressure likely to heighten as a trend
• Boj decided to phase out the pandemic funding programme, shift to fund provision step that meets wide range of financing needs
• Boj will set no limit on the amount of fund-provision under market operation targeting wide range of firms against pooled collateral
• Japan's upward price pressure likely to heighten as a trend (adds attribution)
• Rise in Japan's core consumer inflation likely to slow thereafter (adds attribution)
• Japan's core consumer inflation likely to accelerate toward year-end on rising energy, food and durable goods prices (adds attribution)
• Japan's economy likely to recover as pandemic's impact, supply constraints ease (adds attribution)