Breaking: BoJ leaves monetary policy settings unadjusted, USD/JPY advances

Following the conclusion of the June meeting, the Bank of Japan (BoJ) board members decided to leave their current monetary policy settings unchanged, maintaining rates and 10yr JGB yield target at -10bps and 0.00% respectively.

Summary of the statement

No change to the yield band.

BoJ maintains band around its 10-year JGB yield target at up and down 0.5% each.

BoJ made decision on YCC by unanimous vote.

more to come ...