Yen holds after Bank of Japan’s decision

The Japanese yen held against the US dollar on Thursday, after the Bank of Japan’s decision and monetary policy statement.

Bank of Japan's policymakers voted to maintain rates at negative 0.10% as expected, amid expectations that the world's third largest economy will gather more growth momentum and will recover from the coronavirus impact faster than expected.

The Bank of Japan also kept the size of the asset purchases program unchanged, which was expected by 44 economic analysts in a Bloomberg survey.

The markets are anticipating Joe Biden's first decisions as US President, especially the new US political, economic and trade polices.

As of  21:16 GMT, USD/JPY held at 103.5, and hit a high of 103.6 and a low of 103.3.