BOJ keeps policy on hold, tweaks forecasts

Dhwani Mehta FXStreet

At its October monetary policy meeting, the Bank of Japan (BOJ) left its policy settings unadjusted once again but revised the economic forecasts.

Key takeaways

Maintains short-term interest rate target at -0.1%.

BOJ maintains 10-year JGB yield target around 0%.

BOJ made decision on yield curve control by 8-1 vote.

Board member Kataoka opposed decision on YCC.

Market reaction

USD/JPY remains unfazed near daily lows of 113.54 on the BOJ’s status-quo, down 0.18% on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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