BoJ Aftermath: The USD/JPY Will Continue to Decline
ForexChaser submits:
The Bank of Japan held an unscheduled interest rate meeting during the early hours of the Asian session Monday, but rumors about it surfaced even as of late Friday, taking out some of its surprise element.
The unscheduled meeting comes in a very difficult moment for the Bank of Japan: the Usd/Jpy is trading at the lowest value in 15 years despite numerous verbal interventions in the currency market, while the Japanese CPI is standing at the dangerous level of -0.9%.
