The BOJ left the asset purchase size unchanged, but cut the size of fixed rate operations by Y5 trn. The BOJ left rates unchanged at 0.1%. USD/JPY traded a range of Y79.48 to Y99.96, having spike to the session high at Y79.96 in the immediate wake of the BOJ policy decision. However, the pair was unable to hold the spike, reversing course almost immediately, falling toward session lows, trading at Y79.52. Offers are still seen in place at Y80.00/05, with bids at Y79.00/20. AUD was last trading at $1.0182, having fallen sharply from early highs in the wake of sluggish jobs data. The pair traded a range of $1.0175 to $1.0250. EUR/JPY is trading lower, unable to hold a sharp spike higher in the wake of the BOJ policy decision. EUR/JPY was last at Y97.35, having traded a range of Y97.25 to Y97.86. Offers are at Y98.00/05 and above.
EasyForexNews Research Team