Thursday 21 September 2017

The Japanese bank kept interest rates, the yen with a two-month bottom

The yen fell sharply against the dollar after the Japanese central bank kept the interest rate and the volume of its asset redemption program unchanged.
This happened contrary to the comments that came after the Fed meeting yesterday and pointing to another raise in interest rates by the end of this year.
The decision of the Japanese central bank did not surprise the market, with all experts, which gave their forecasts for Bloomberg, were expecting such a solution.
The Asian indices traded mixed, with the Japanese ones rising, backed by the yen's depreciation. Earlier this morning the dollar was traded for 112.42 yen, the highest level since nearly two months.


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