USD/JPY is a few points lower following the BOJ statement

The Bank of Japan April 2020 monetary policy statement post is here:

Its not too far from expectations, further easing, downgraded their outlook (the links to the full statement and the outlook report are at that post above).

USD/JPY ios net a few points lower, to its lowest for the session below 107.40.

While the easing of policy further argues for a weaker yen the as expected nature of the announcements took the sting out.

The Bank of Japan April 2020 monetary policy statement post is here:

Next up is Bank of Japan governor Kuroda press conference at 0630GMT.

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