Expected to continue expanding moderately. Bank of Japan will maintain QQE with yield curve control for as long as needed to achieve 2% inflation in stable manner. BoJ will adjust monetary policy as needed to maintain the economy's momentum to achieve its price target. Will continue expanding monetary base until consumer inflation stably exceeds 2%.
USD/JPY up a few ticks on the remarks, generally dragging yen crosses along with it.
Jr Trader Alexander Kumanov
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