The BOJ's commitment to it zero-rate | 29 tháng tư 2022

29 tháng tư 2022, USD/JPY

The BOJ's commitment to it zero-rate

USDJPY trading plan:

The Bank of Japan strengthened its commitment to keep interest rates ultra-low by vowing to buy unlimited amounts of bonds daily to defend its yield target, triggering a fresh sell-off in the yen and sending government bonds rallying. Reinforcing its resolve to support a fragile economy even as sharp rises in raw material costs push up inflation, the BOJ maintained its ultra-loose monetary policy and a pledge to keep interest rates at present levels. The BOJ's commitment to its zero-rate programme puts it at odds with other major economies that are shifting toward tighter monetary policy to combat surging prices, although inflation in Japan is expected to creep up towards the central bank's 2% target.

Investment idea: buy 129.85 and take profit 130.50.

David Johnson
Analyst of «FreshForex» company
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