Asian Session – Yen tumbles after BOJ eases monetary policy
Posted on April 4, 2013 at 6:14 am GMTThe yen tumbled sharply in Thursday’s Asian session after the Bank of Japan announced more aggressive monetary policy easing. This surpassed expectations and caused markets to react positively since there was some speculation that the central bank could underdeliver as it had often in the past. The BOJ announced it plans to buy more assets and it will double its holdings of bonds and stocks in two years. The BOJ also said it would extend the average maturity of bonds [..]