Tag Archives: yen exchange rate

The BOJ confounded market expectations by just tinkering with policy on the margins in July. As a result, the yen should hold on to its recent gains. The Bank of Japan (BoJ) did not significantly change monetary policy at its Monetary Policy Meeting held on 28-29 July, contrary to market expectations. While the BOJ did announce an increase in its annual purchases of ETFs (from ¥3.3 trn to ¥6 trn), it kept the annual increase of the monetary base at ¥80 trn and did not cut interest rates...

Read More »