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Japanese Yen Mixed After BoJ Policy Meeting & Economic Outlook

July 20, 2017 at 17:02 by Vladimir Vyun

1,000 yenThe 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 economic outlook, 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.

If you have any questions, comments, or opinions regarding the Japanese Yen, feel free to post them using the commentary form below.

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