<p>The Bank of Japan left policy untouched:</p><p><a href="https://www.forexlive.com/centralbank/boj-announces-no-change-to-jgb-yield-band-20230118/" target="_blank" rel="follow" data-article-link="true">BOJ announces no change to JGB yield band</a></p><p>The yen response was instant:</p><p><a href="https://www.forexlive.com/centralbank/usdjpy-and-yen-crosses-have-soared-after-the-boj-leaves-policy-untouched-20230118/" target="_blank" rel="follow" data-article-link="true">USD/JPY (and yen crosses) have soared after the BOJ leaves policy untouched</a></p><p>And the slamming continues:</p><p>Government bond yields across the globe have dipped on the announcement. </p>
This article was written by Eamonn Sheridan at www.forexlive.com.