USD/JPY fell sharply overnight. The US Dollar was already under pressure after a more dovish than expected Federal Reserve, and then the Bank of Japan decided to keep rates and the size of their QE programme unchanged as well. After the announcement, USD/JPY declined from 105.40 straight to 104.53, a fresh multi-year low. AUD/JPY is at 77.36, down 130 pips from the session high. EUR/JPY lost 1.25 % as it fell from 119.20 to 117.84 and GBP/JPY declined from 150.10 in the early Asian session to a low of 148.30 after the BoJ announcement.
The other major currencies initially strengthened against the US Dollar, but the JPY rally weighed on them as well. The New Zealand Dollar is the only risk currency that is currently up on the day, after better than expected GDP data out of New Zealand.
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