BoJ Interest Rate Decision comes in at 1% against <1.00% consensus
| Pair | Now | Since publish |
|---|---|---|
| USDJPY | — | — |
The Bank of Japan’s Interest Rate Decision, released today, showed the rate maintained at 1%. This outcome was against a consensus expectation of less than 1.00%. The previous interest rate was also 1%. The surprise versus consensus was recorded at 0.0%.
Following the release, JPY pairs generally saw upward movement in the first hour. AUDJPY moved up 13 pips, compared to its median 1-hour move of 8 pips. CADJPY gained 7.1 pips, while its median 1-hour move is 8 pips. CHFJPY rose 4.3 pips, against a median of 9 pips. EURJPY saw a 12 pip increase, matching its median 1-hour move of 12 pips. GBPJPY was up 11 pips, with its median 1-hour move being 12 pips. NZDJPY moved up 3.1 pips, compared to a median of 8 pips. USDJPY increased 8.1 pips, while its median 1-hour move is 12 pips. Most of these measured moves were around or below their historical median 1-hour movements for this release.