Yen Retreats After BoJ Decision
October 30 2017 - 7:44PM
RTTF2
As expected, the Bank of Japan kept its interest rate unchanged
at -0.1 percent and maintained the purchase of government bonds so
that the 10-year JGB yield remains at zero percent. The bank said
the purchase of government bonds would continue at an annual pace
of about JPY 80 trillion.
After the decision, the yen retreated from its early highs
against its major rivals.
The yen was trading at 113.15 against the greenback, 113.64
against the franc, 131.70 against the euro and 149.44 against the
pound around 11:40 pm ET.
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