BOJ keeps Monetary Policy unchanged by a vote of 8-1

BOJ April 2018 Monetary Policy decision on 15.06.2018

• Leaves Interest Rate on Excess Reserves (IOER) unchanged at -0.10%
• Maintain its policy framework of “QQE with Yield Control” around 0.00%
• Maintains asset purchases at an annual pace of JPY 80T
• Maintains the increase of ETF holdings at an annual pace of JPY 6T
• Kataoka continues to dissent

Monetary policy statement

• Downgrades core inflation assessment to 0.5%-1.0%
• The link to the statement

USDJPY moves up from 110.60 to 110.75 post announcement even though all of this was widely expected. USD effect ….
On to Kuroda around 6:30 gmt

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K-man

Fundamentalist market maker, turned all round market taker.
Philosophy: “Cycling is good for your health, overtrading is bad”

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