USD/JPY flows: BoJ Kept Rates Unchanged

BoJ keep rates unchanged at 0.75% as per forecast. They will not hike before results of spring wage negotiation, even when there is likely an oil push spike in inflation. According to their forecast, they still see inflation target to be reached and will be increasing rates. The forward guidance is little changed with April being the earliest call.

USD/JPY is trading 0.11% lower at 159.63.