Monday Tuesday: Bank Reserves and Japan Boj

monday tuesday: US stocks ended higher after wavering in a tight range on Monday and Tuesday, as investors digested a speech from Federal Reserve Chair Janet Yellen and Bank of Japan BOJ 's decision to keep its monetary policy unchanged after the conclusion of its two-day policy meeting, according to Global Times China. Yellen said at a University of Baltimore commencement ceremony Monday that the US had the strongest jobs market in nearly a decade, and that there were indications wage growth was picking up, according to the CNBC. While maintaining its negative 0.1 percent interest rate on some bank reserves, the BOJ also opted to leave its 10-year Japanese government bond JGB yield target at about zero, while annual holdings were kept at a rise of about 80 trillion yen 682 billion US dollars . Following the policy meeting and opting to hold pat on any new policy changes, the central bank also upgraded its economic assessment saying a moderate recovery trend has continued while exports have picked up. For the holiday-shortened week, the Dow rose 0.5 percent, notching gains for a seventh straight week, and the S&P 500 increased 0.3 percent, while the Nasdaq moved up 0.5 percent. Japan's economy has continued its moderate recovery trend. In this situation, exports have picked up, the BOJ said in a statement on Tuesday. Overseas economies have continued to grow at a moderate pace, although emerging economies remain sluggish in part. (news.financializer.com). As reported in the news.