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As expected BOJ leaves 0.25% benchmark rate unchanged- USD/JPY lifts slightly
Earlier today the USD/JPY fell back below the 142 handle ahead of the Bank of Japan monetary policy decision. The dollar had closed in the US last night at 142.63 having handed back much of the gains that had seen it peak at 143.95 during the Asian session. The fall earlier today saw it reach a low at 141.96. The modest rebound in the dollar since the BOJ decided unanimously to keep its 0.25% OCR on hold has so far not been exactly dynamic. The dollar has stalled short of 142.35 and it is edging lower again just now. There will most likely be more volatility again today though. The USD/JPY is currently trading at 142.17
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