Bank of Japan keeps monetary policy steady

The Bank of Japan kept monetary policy steady by unanimous vote, while also maintaining its commitment to increase the monetary base at an annual pace of 60-70 trln yen. The statement published by the BoJ was short and concise, and further insights into the meeting will only come on the publication of the next minutes.
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GBP/USD down again but may have hit wave 3 target at 1.6008; bounce expected

GBP/USD has been under nearly relentless pressure since the failed attempt at a new high last Friday. It may have hit a very short-term low, but only a limited bounce is expected by technicians.
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