Bank of Japan Holding Rates

As mentioned last week, the GBP/JPY did in fact make the 100 pip gain. Not only that, but this week it will close where no week has closed since late 1992, passing the highest weekly close of 1998. This is greatly due to the surprise move of the Bank of Japan to keep interest rates at .25%. Three out of nine votes however were to raise rates, where the decisions in the last six months were all unanimous.