BoJ to review side effects of its massive monetary easing at its policy meetings next week – Yomiuri

Anil Panchal FXStreet

Japanese media Yomiuri came out with the news suggesting another hawkish move by the Bank of Japan (BoJ) during its next week’s monetary policy meeting. The news signaled that the Japanese central bank is up for reviewing the side effects of massive monetary easing in the monetary policy meeting next week.

“BoJ reviews due to skewed interest rates in markets even after last month's tweak in bond yield control policy,” adds Yomiuri per Reuters.

USD/JPY slides

Following the news, the USD/JPY pair dropped around 50 pips to 131.90, close to 132.10 by the press time.

Also read: USD/JPY bulls eye a break of key daily resistance with US CPI eyed

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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