# Bank of Japan defies market speculation; keeps policy steady | snaps | ING THINK

> The Bank of Japan kept its key rate and yield curve control policy unchanged, and the yen plunged to around 131 per dollar after the decision. The 10-year JGB yield reached 0.38% and the bank trimmed its FY22 GDP outlook.

- Date: 2023-01-18 · published 2023-01-18T12:00:00.000Z
- Category: macro · region Japan · magnitude medium
- Page: https://feedsoft.ai/events/38011-bank-of-japan-defies-market-speculation-keeps-policy-steady-snaps-ing-think
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

The policy hold and sharp yen decline shift the currency cost of dollar-priced commodity imports for Japan and add volatility to currency-linked trade flows; direct feed price impact is limited.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- think.ing.com: https://think.ing.com/snaps/the-bank-of-japan-defies-market-speculation-and-keeps-policy-steady/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.