Bank of Japan stays the course

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Today’s BOJ meeting left almost everything unchanged, settling markets somewhat as it keeps the yield curve control (YCC) program, leaves the target rate at zero per cent, and no change to the band within which it will allow rates to fluctuate (50 basis points).

No change but in currencies, Yen sold off immediately, sending the USDJPY pair back up to the 130 level;

While the Nikkei 225 gained about half a percent, lifting off its recent floor:

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