USD/JPY rallied after the BoJ announced new measures to achieve its 2 % inflation goal. While the central bank refrained from cutting rates and increasing the size of its QE programme, it added a yield curve control to its policy framework. The BoJ's goal is to keep the 10-year yield around 0 %.
USD/JPY rose from 101.40 to 102.60 after the announcement. AUD/JPY rallied from 76.60 to 77.40, while EUR/JPY made it from 113.00 to 114.20 and GBP/JPY from 131.50 to 133.00.
The Dollar caught a bid after the BoJ and strengthened against all other major currencies. EUR/USD fell from 1.1150 to 1.1125, while GBP/USD declined from 1.30 to 1.2940.
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