Bank of Japan Leaves Monetary Policy Unchanged!

Forex Bank of Japan

The Bank of Japan board voted to leave its current monetary policy target unchanged on Wednesday, saying the economy continues in recovery mode.

There were some concerns that the Bank of Japan may consider further easing,despite the fact that it had claimed  inflation on the rise and fall in factory output was not serious enough to block the path to the modest 2% inflation and economic recovery.

This development should advance the Japanese Yen, but I still believe the US Dollar will rise more than the Japanese Yen.

Fed’s rate hike still strong option, and it may happen any moment , I think the Fed will decide the next move for USDJPY pair…

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