9:40 AM · 19 May 2020

BREAKING: BoJ to hold unscheduled meeting on Friday, JPY weakens

Slight weakness in JPY could be spotted in the past minutes. Move was triggered by the Bank of Japan's announcement that it will hold an unscheduled policy meeting on Friday, 9:00 am Tokyo time (Friday, 1:00 am BST). A new measure to provide funds to banks will be discussed. USDJPY jumped to a fresh daily high on the news and broke above upper limit of short-term upward channel.

USDJPY broke above a short-term upward channel on the BoJ meeting announcement. Source: xStation5

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