Very lively end to the trading month, with BOJ as usual promising much, but not just yet! In other words asset purchased unchanged at Yen80Trn ($762bn) & interest rates on hold at minus 0.1%. Any further action postponed to September meeting.
However, what was included is increasing purchase of ETF fund from Yen 3trn per year to Yen6trn which should boost stock market.
Volatility candles everywhere on Yen pairs, with USD/JPY moving in a 300 pip range before finding a base at 102.70. Interestingly BOJ did also confirm it would be doubling the size of the USD lending facility to overseas Japanese companies to $24bn to help counteract current high cost of exchange rate.
Finally, Brexit also mentioned & blamed for market uncertainty! ... See MoreSee Less