8:23 AM · 10 October 2023

BREAKING: USDJPY surges after BoJ statement ⚡

USD/JPY
Forex
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Bank of Japan indicated that probably it will hold the view of maintaining soundness of the bank's assets as well as efficiency in market participants of collateral from November 29th. What's more BoJ commented amendment to prices of eglible collateral 'We will amend rules based on regular review of appropriateness of collateral prices and margin ratios in light of recent financial market developments'. Japanese central bank contemplates also raising fiscal year 2023 price outllok to near 3% - according to Kyodo (previously 2,5% revised from 1,8% in July). 

JPY weakened again after the news with USDJPY approaching 149 level near 150 major resistance zone.

Source: xStation5

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