The news from the Bank of Japan:
Bank of Japan leaves rates unchanged, as widely expected
With little initial response
USD/JPY is little changed after the Bank of Japan statement, around 153.35
This seems to be feeding into a stronger yen, though of course correlation is not causation:
North Korea says its ICBM test set new records
North Korea is correct on the ‘set new records’. Its ICBM flew at an altitude over 7,000km, covered a range of 1,000km and had the longest flight time.
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USD/JPY update:
This article was written by Eamonn Sheridan at www.forexlive.com.
