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

9:40 AM 19 May 2020

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

Share:
Back

Join over 1 400 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits