{"id":30445,"date":"2022-06-17T11:22:00","date_gmt":"2022-06-17T10:22:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=30445"},"modified":"2022-06-17T17:59:51","modified_gmt":"2022-06-17T16:59:51","slug":"the-usdjpy-is-higher-after-the-boj-kept-its-loose-monetary-policy","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/the-usdjpy-is-higher-after-the-boj-kept-its-loose-monetary-policy\/","title":{"rendered":"The USDJPY is higher after the BoJ kept its loose monetary policy"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"30445\" class=\"elementor elementor-30445\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5e95281 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5e95281\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-69c49ed\" data-id=\"69c49ed\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-63b0aea elementor-widget elementor-widget-text-editor\" data-id=\"63b0aea\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><strong>Market Brief<\/strong><\/p><p>During the overnight session, we had the last of the central bank rate decisions as the Bank of Japan decided to keep rates held at -0.10%. The BoJ last changed its rate in February 2016 and today Kuroda said that upward pressure is seen in bond yields and that a rapid weakening of the yen is a weakness for the economy. There is also no decision to raise the yield curve control (YCC) cap as it could result in higher yields and a weakening of the effect of monetary easing.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0d01e38 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0d01e38\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-94b71c0\" data-id=\"94b71c0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bad0da4 elementor-widget elementor-widget-image\" data-id=\"bad0da4\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/bit.ly\/2OJjKKR\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"932\" height=\"511\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/06\/rsz_usdjpy-17.jpg\" class=\"attachment-large size-large wp-image-30454\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5e964a55 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5e964a55\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f272e12\" data-id=\"f272e12\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-119a241e elementor-widget elementor-widget-text-editor\" data-id=\"119a241e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"http:\/\/bit.ly\/2OJjKKR\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-69e472b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"69e472b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b436b5f\" data-id=\"b436b5f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7dd8694 elementor-widget elementor-widget-text-editor\" data-id=\"7dd8694\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>At the London open the <a href=\"http:\/\/bit.ly\/2OJjKKR\" target=\"_blank\" rel=\"noopener\">USDJPY<\/a> had pushed through the resistance level of 133.50 and is on track to make a new high for the week, as the currency pair resume its uptrend. For a new high to print and look like a continuation of a trend, we would be best seeing the US dollar rising from 104.420 up to the new high of 106. Currently, the <a href=\"https:\/\/bit.ly\/3tzpfOh\" target=\"_blank\" rel=\"noopener\">US dollar index<\/a> is being capped by Wednesday&#8217;s low.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1533de8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1533de8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9ac6731\" data-id=\"9ac6731\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-52c91bb elementor-widget elementor-widget-image\" data-id=\"52c91bb\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"574\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/06\/picture1-18.jpg\" class=\"attachment-large size-large wp-image-30458\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-047cf29 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"047cf29\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2e88961\" data-id=\"2e88961\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0590b9b elementor-widget elementor-widget-text-editor\" data-id=\"0590b9b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>According to the <a href=\"https:\/\/bit.ly\/3uisBoi\" target=\"_blank\" rel=\"noopener\">US 10-year yield<\/a>, the price action on Wednesday also appears to be acting as a near-term barrier to the continuation of the uptrend. USDJPY is closely correlated with US benchmark yields, so a continuation of the correlation would be best. We will receive the Fed&#8217;s monetary policy report and hear a short speech from Fed Chair Powell. Until the market hears what is to be said, these data points may hold back the US dollar. Just in case Powell walks back some of what was said on Wednesday during the press conference.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2cec742 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2cec742\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f80deff\" data-id=\"f80deff\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fa18ea5 elementor-widget elementor-widget-image\" data-id=\"fa18ea5\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/bit.ly\/2Zn4HaM\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"932\" height=\"511\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/06\/rsz_gbpusd-19.jpg\" class=\"attachment-large size-large wp-image-30460\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-441d5546 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"441d5546\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2fff1552\" data-id=\"2fff1552\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-61d48f1b elementor-widget elementor-widget-text-editor\" data-id=\"61d48f1b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"http:\/\/bit.ly\/2Zn4HaM\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8db634c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8db634c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-292c6a7\" data-id=\"292c6a7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ecfa4a9 elementor-widget elementor-widget-text-editor\" data-id=\"ecfa4a9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>Following on from the Bank of England 25bps rate hike, which had a few of the MPC members calling for a more hawkish policy, the <a href=\"http:\/\/bit.ly\/2Zn4HaM\" target=\"_blank\" rel=\"noopener\">GBPUSD<\/a> closed yesterday very bullish. We now wait to see if the not so aggressively bullish US dollar supports the GBPUSD in its quest to find a higher high today, and whether the high from Wednesday acts as support for cable. The pound is reliant on the greenback weakening as the UK economy is certainly not showing signs of growth or prosperity and the BoE seem reluctant to do what the Fed and SNB have done which is to attack inflation more aggressively. Inflation pushing double digits will erode the purchasing power of the pound.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a385cc8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a385cc8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-845f9a6\" data-id=\"845f9a6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e6305d8 elementor-widget elementor-widget-image\" data-id=\"e6305d8\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bit.ly\/3NNE33F\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"932\" height=\"511\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/06\/rsz_brent-34.jpg\" class=\"attachment-large size-large wp-image-30464\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-468bd36f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"468bd36f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-155315a\" data-id=\"155315a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4254f846 elementor-widget elementor-widget-text-editor\" data-id=\"4254f846\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"https:\/\/bit.ly\/3NNE33F\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6f14a21 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6f14a21\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-97fb3fd\" data-id=\"97fb3fd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fa852a0 elementor-widget elementor-widget-text-editor\" data-id=\"fa852a0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"https:\/\/bit.ly\/3NNE33F\" target=\"_blank\" rel=\"noopener\">Brent<\/a> continues to trade within a tight range and is hugging the daily 9-period EMA. This morning we learned that Australia has invoked measures to ban the export of coal if needed to avert the risk of blackouts. The Australian Energy Council said that coal fire generators restored 1900 megawatts of capacity to ease the power crisis. We also learned that French pipeline operator GRTgaz said that inbound gas flows from Germany have stopped amid reduced deliveries from Russia. As gas gets turned off energy companies will turn to alternative fuels like coal and <a href=\"https:\/\/bit.ly\/3xXeisy\" target=\"_blank\" rel=\"noopener\">oil<\/a>. In the US President Biden is determined to punish the oil and energy industry with a windfall tax to try and ease inflation there. Whereas he could ban the export of oil and reduce the tariffs on Chinese goods and reduce the cost of petrol at the pump and consumer goods. Both of which were Trump ere ideas and therefore a political win for Biden if he reduced inflation.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-86ae134 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"86ae134\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3998ed5\" data-id=\"3998ed5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-66f723b elementor-widget elementor-widget-image\" data-id=\"66f723b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"601\" height=\"315\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/06\/forex-14.jpg\" class=\"attachment-large size-large wp-image-30469\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-110a90b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"110a90b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7c47083\" data-id=\"7c47083\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-eb549f0 elementor-widget elementor-widget-text-editor\" data-id=\"eb549f0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The forex heatmap shows the weakening Japanese yen and <a href=\"http:\/\/bit.ly\/2yFD0hu\" target=\"_blank\" rel=\"noopener\">Australian dollar<\/a> with the <a href=\"http:\/\/bit.ly\/31pdEAU\" target=\"_blank\" rel=\"noopener\">Swiss franc<\/a> still strengthening after yesterdays SNB hawkish pivot. Overall, the markets are mixed, so no real risk-on or off direction. Maybe after we receive the European final CPI data we will have a better idea of which way the euro is going to go and that will help with the US dollar index direction.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Market Brief During the overnight session, we had the last of the central bank rate decisions as the Bank of Japan decided to keep rates held at -0.10%. The BoJ last changed its rate in February 2016 and today Kuroda said that upward pressure is seen in bond yields and that a rapid weakening of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":30451,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[80,58,330,64,154,20,200,288,67,22],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The USDJPY is higher after the BoJ kept its loose monetary policy - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/the-usdjpy-is-higher-after-the-boj-kept-its-loose-monetary-policy\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The USDJPY is higher after the BoJ kept its loose monetary policy The USDJPY is higher after the BoJ kept its loose monetary policy\" \/>\n<meta property=\"og:description\" content=\"The BoJ\u2019s Kuroda said that inflation was to hover around 2% for now as there is no sign of wages spiralling higher and that if needs be they would do additional monetary easing. According to Governor Kuroda, the future financial and economic outlooks are highly uncertain.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/the-usdjpy-is-higher-after-the-boj-kept-its-loose-monetary-policy\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-17T10:22:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-17T16:59:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/06\/GettyImages-1327560266.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"519\" \/>\n\t<meta property=\"og:image:height\" content=\"297\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Neville Hornsey\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"The USDJPY is higher after the BoJ kept its loose monetary policy The USDJPY is higher after the BoJ kept its loose monetary policy\" \/>\n<meta name=\"twitter:description\" content=\"The BoJ\u2019s Kuroda said that inflation was to hover around 2% for now as there is no sign of wages spiralling higher and that if needs be they would do additional monetary easing. According to Governor Kuroda, the future financial and economic outlooks are highly uncertain.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Neville Hornsey\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/the-usdjpy-is-higher-after-the-boj-kept-its-loose-monetary-policy\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/the-usdjpy-is-higher-after-the-boj-kept-its-loose-monetary-policy\/\"},\"author\":{\"name\":\"Neville Hornsey\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/95b20558021997bd74f4db43fabddf85\"},\"headline\":\"The USDJPY is higher after the BoJ kept its loose monetary policy\",\"datePublished\":\"2022-06-17T10:22:00+00:00\",\"dateModified\":\"2022-06-17T16:59:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/youtrading.com\/en\/the-usdjpy-is-higher-after-the-boj-kept-its-loose-monetary-policy\/\"},\"wordCount\":645,\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"keywords\":[\"BOJ\",\"Brent\",\"Central Banks\",\"Crude oil\",\"DXY\",\"GBPUSD\",\"Monetary Policy\",\"US 10-year yield\",\"US Dollar\",\"USDJPY\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youtrading.com\/en\/the-usdjpy-is-higher-after-the-boj-kept-its-loose-monetary-policy\/\",\"url\":\"https:\/\/youtrading.com\/en\/the-usdjpy-is-higher-after-the-boj-kept-its-loose-monetary-policy\/\",\"name\":\"The USDJPY is higher after the BoJ kept its loose monetary policy - Youtrading UK\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/#website\"},\"datePublished\":\"2022-06-17T10:22:00+00:00\",\"dateModified\":\"2022-06-17T16:59:51+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/youtrading.com\/en\/the-usdjpy-is-higher-after-the-boj-kept-its-loose-monetary-policy\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/youtrading.com\/en\/the-usdjpy-is-higher-after-the-boj-kept-its-loose-monetary-policy\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/youtrading.com\/en\/the-usdjpy-is-higher-after-the-boj-kept-its-loose-monetary-policy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/youtrading.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The USDJPY is higher after the BoJ kept its loose monetary policy\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/youtrading.com\/en\/#website\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"name\":\"Youtrading UK\",\"description\":\"Leaders in Trader Training\",\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/youtrading.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/youtrading.com\/en\/#organization\",\"name\":\"YouTrading\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"contentUrl\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"width\":2531,\"height\":570,\"caption\":\"YouTrading\"},\"image\":{\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/YouTradingEnglish\/\",\"https:\/\/www.instagram.com\/youtrading_english\/\",\"https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/95b20558021997bd74f4db43fabddf85\",\"name\":\"Neville Hornsey\",\"description\":\"Neville Hornsey holds a BA Honours 2.1 in Professional Media and has been a professional trader since 2007. 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According to Governor Kuroda, the future financial and economic outlooks are highly uncertain.","og_url":"https:\/\/youtrading.com\/en\/the-usdjpy-is-higher-after-the-boj-kept-its-loose-monetary-policy\/","og_site_name":"Youtrading UK","article_publisher":"https:\/\/www.facebook.com\/YouTradingEnglish\/","article_published_time":"2022-06-17T10:22:00+00:00","article_modified_time":"2022-06-17T16:59:51+00:00","og_image":[{"width":519,"height":297,"url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/06\/GettyImages-1327560266.jpg","type":"image\/jpeg"}],"author":"Neville Hornsey","twitter_card":"summary_large_image","twitter_title":"The USDJPY is higher after the BoJ kept its loose monetary policy The USDJPY is higher after the BoJ kept its loose monetary policy","twitter_description":"The BoJ\u2019s Kuroda said that inflation was to hover around 2% for now as there is no sign of wages spiralling higher and that if needs be they would do additional monetary easing. According to Governor Kuroda, the future financial and economic outlooks are highly uncertain.","twitter_misc":{"Written by":"Neville Hornsey","Estimated reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/youtrading.com\/en\/the-usdjpy-is-higher-after-the-boj-kept-its-loose-monetary-policy\/#article","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/the-usdjpy-is-higher-after-the-boj-kept-its-loose-monetary-policy\/"},"author":{"name":"Neville Hornsey","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/95b20558021997bd74f4db43fabddf85"},"headline":"The USDJPY is higher after the BoJ kept its loose monetary policy","datePublished":"2022-06-17T10:22:00+00:00","dateModified":"2022-06-17T16:59:51+00:00","mainEntityOfPage":{"@id":"https:\/\/youtrading.com\/en\/the-usdjpy-is-higher-after-the-boj-kept-its-loose-monetary-policy\/"},"wordCount":645,"publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"keywords":["BOJ","Brent","Central Banks","Crude oil","DXY","GBPUSD","Monetary Policy","US 10-year yield","US Dollar","USDJPY"],"articleSection":["Markets"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/youtrading.com\/en\/the-usdjpy-is-higher-after-the-boj-kept-its-loose-monetary-policy\/","url":"https:\/\/youtrading.com\/en\/the-usdjpy-is-higher-after-the-boj-kept-its-loose-monetary-policy\/","name":"The USDJPY is higher after the BoJ kept its loose monetary policy - Youtrading UK","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/#website"},"datePublished":"2022-06-17T10:22:00+00:00","dateModified":"2022-06-17T16:59:51+00:00","breadcrumb":{"@id":"https:\/\/youtrading.com\/en\/the-usdjpy-is-higher-after-the-boj-kept-its-loose-monetary-policy\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/youtrading.com\/en\/the-usdjpy-is-higher-after-the-boj-kept-its-loose-monetary-policy\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/youtrading.com\/en\/the-usdjpy-is-higher-after-the-boj-kept-its-loose-monetary-policy\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/youtrading.com\/en\/"},{"@type":"ListItem","position":2,"name":"The USDJPY is higher after the BoJ kept its loose monetary policy"}]},{"@type":"WebSite","@id":"https:\/\/youtrading.com\/en\/#website","url":"https:\/\/youtrading.com\/en\/","name":"Youtrading UK","description":"Leaders in Trader Training","publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/youtrading.com\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/youtrading.com\/en\/#organization","name":"YouTrading","url":"https:\/\/youtrading.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","contentUrl":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","width":2531,"height":570,"caption":"YouTrading"},"image":{"@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/YouTradingEnglish\/","https:\/\/www.instagram.com\/youtrading_english\/","https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg"]},{"@type":"Person","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/95b20558021997bd74f4db43fabddf85","name":"Neville Hornsey","description":"Neville Hornsey holds a BA Honours 2.1 in Professional Media and has been a professional trader since 2007. 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