BoJ minutes: economy shows signs of picking up

FXstreet.com (Barcelona) - The minutes from the Monetary Policy Meeting of the Bank of Japan held on April 3 and April 4 were just published. The report provides little new clues of interest, with the new "quantitative and qualitative monetary easing" program details details having being fully priced in by the market. In the official minutes report BOJ members agreed that the economy has shown signs of picking up. Japan also announced a monetary base of 23.1% (YoY) in April vs 19.8% in March.

May 2, 2013

Japan Apr Monetary Base (YoY) up to 23.1% vs 19.8%

Forex: USD/JPY slips to session lows post-BoJ minutes

With Nikkei index opening in Tokyo below the 13800 points down -0.46% and recently released latest BoJ meeting minutes, USD/JPY slips to fresh session lows at 97.10, retracing from NY session highs, capped at 97.50. The minutes showed the BoJ agreed on sings the economy is peaking up, and maintained compromise on current easing in monetary policy.