USD/JPY retraces higher; erasing some losses from BOJ announcement - ConsultFX

USD/JPY retraces higher; erasing some losses from BOJ announcement

The pair is now up to 112.80 but encounters some key resistance levels The BOJ earlier in the day that they would "taper" bond purchases - but in effect as I mentioned , it's not a change to monetary policy at all (since the BOJ focuses on the YCC policy since its implementation in 2016). Copyright 2015 Forexlive.com