The yen surged over 2.5% in the space of less than three minutes following the BoJ's unexpected decision to refrain from easing policy. USD-JPY dove from 111.68 to a low of 108.76, more than reversing the gain seen last Friday following a Bloomberg report suggesting that the central bank would introduce negative-rate loans. No such policy came to be, and the central bank left the deposit rate at -0.1% and the annual pace of QQE purchases at Y80 tln. Yen crosses posted similar declines to USD-JPY.
from RSS Feed http://ift.tt/1YV0Xq1
via IFTTT
No comments:
Post a Comment