USD/JPY little lower at 87.10.
- BOJ keeps overnight call rate target unchanged at 0.10, decision unanimous
- Will introduce 3 month fixed rate operation
- Provide around 10 trln yen in fixed rate operation
- Offer funds at 0.1% in new operation
- New operation will be offered against BOJ’s regular collateral
- BOJ says todays step will support Japan economy together with Government measures
Think it’s fair to say the market is unimpressed with what it’s seen so far. USD/JPY has extended slide to 86.90 at writing.
