Japanese Yen Mixed After BoJ Policy Meeting & Economic Outlook

The Japanese yen was mixed following the monetary policy announcement from the Bank of Japan. The currency reacted to the moves of its peers for the most part, rising against the weak ones and falling versus the strong ones.

The BoJ kept its monetary policy unchanged, including the key interest rate that stayed at -0.1%. The central bank revised its interest rate, boosting the forecast for economic growth but paring back the inflation outlook for this year. Furthermore, now the BoJ expects to reach the inflation target of 2% no sooner than 2020.

USD/JPY fell from 111.96 to 111.74 as of 17:00 GMT today. EUR/JPY gained from 128.90 to 129.93.

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