More from the BOJ after they left policy unchanged

The announcement:

• BOJ monetary policy left unchanged, as expected

And the yen response .... note:

• While there is no sign of Bank of Japan intervention in the market there are signs of large Pension funds and or exporters hitting USD/JPY quite hard, if so its likely on the request of authorities.

• USD/JPY hit a 24 year high after the BOJ announcement

More from the Bank:

• Japan's economy is likely to recover as the pandemic's impact, supply constraints ease
• Japan's core consumer inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term likely to accelerate toward year-end on rising energy, food and durable goods prices
• Rise in Japan's core consumer inflation is likely to slow thereafter
• Japan's upward price pressure likely to heighten as a trend
• Boj decided to phase out the pandemic funding programme, shift to fund provision step that meets wide range of financing needs
• Boj will set no limit on the amount of fund-provision under market operation targeting wide range of firms against pooled collateral
• Japan's upward price pressure likely to heighten as a trend (adds attribution)
• Rise in Japan's core consumer inflation likely to slow thereafter (adds attribution)
• Japan's core consumer inflation likely to accelerate toward year-end on rising energy, food and durable goods prices (adds attribution)
• Japan's economy likely to recover as pandemic's impact, supply constraints ease (adds attribution)