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BoJ retains plan for 60-70tln yen annual rise in monetary base

FXStreet (Bali) - The BoJ's decided to leave its monetary policy unchanged by unanimous vote after its 2-day meeting. Traders are now awaiting the post-meeting press conference by BoJ Governor Kuroda due at 06:30GMT.

Key headlines (courtesy of Reuters)

BoJ keeps monetary policy steady by unanimous vote, pledges to increase monetary base at annual pace of 60-70 trln yen

BoJ: japan's economy continues to recover moderately as a trend

BoJ board member kiuchi proposed making 2 pct inflation target a medium- to long-term goal, which was turned down by 8-1 vote

BoJ: japan's economy likely to continue recovering moderately as a trend

BoJ: keeps economic assessment unchanged saying effect of tax hike remains

BoJ: industrial output continues to recover moderately as a trend but making weak movements

BoJ: cuts view on housing investment saying effect of sales tax hike continues

BoJ: private consumption remains firm as a trend, effect of sales tax hike gradually easing

EUR/USD capped by 1.3150/60 resistance ahead of ECB

EUR/USD is trading at 1.3146, barely changed from its NY close, having posted a daily high at 1.3155 and low at 1.3143, ahead of the long-awaited ECB monetary policy decision.
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Reserves are weakly diversifying in EUR if not selling - SocGen

Sebastien Galy, Senior FX Strategist at Societe Generale, notes that the lack of month-end support for EURUSD showed that reserves are weakly diversifying in EUR if not selling.
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