It hit a 14-month high on Wednesday.
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Silver was up 0.3 percent at $20.22 an ounce, and headed for a second monthly gain.
The Dow Jones industrial average lost 10 points, or 0.1 percent, to 18,446 as of 11:55 a.m.
MSCI (NYSE: MSCI – news) ‘s broadest index of Asia-Pacific shares outside Japan pulled back 0.4 percent after hitting the highest level since August 11, leaving it on track for gains of 0.9 percent for the week, and 5.4 percent for the month.
The US dollar index fell 0.31 percent to 96.31 so far.
The yield on the benchmark 10-year bond rose 1-1/2 basis point to -0.067 percent, the yield on long-term 30-year note climbed 1 basis point to 0.385 percent and the yield on short-term 3-year note jumped 1/2 basis point to -0.633 percent by 09:50 GMT. Eastern. The Standard & Poor’s 500 index rose five points, or 0.2 percent, to 2,175 and the Nasdaq composite rose 16 points, or 0.3 percent, to 5,171.
“The market expected more”, said Hisao Matsuura, chief strategist at Nomura Japan.
In a statement, the BOJ announced that will purchase exchange traded funds (ETF), so increasing at an annual pace of an estimated 6 trillion yen, nearly double the previous pace of about 3.3 trillion yen.
Improving economic data in recent weeks had led many economists and investors to bring forward expectations for the next rate increase to December, after previously pricing out the likelihood of a Fed hike this year.
Japan’s central bank has opted for a modest expansion of its lavish monetary stimulus to help perk up s.
After weeks of anticipation that the central bank would pump fresh cash into the economy, policymakers said only that they would boost its exposure to riskier investments, leaving a massive 80 trillion yen annual asset-buying programme unchanged.
“ETF buying has a direct positive impact on the stock market but its decision to hold off bond buying hit the dollar-yen”.
USA gold rose 0.6 percent to $1,349.00 an ounce.
OIL: In the energy market, benchmark US crude lost 26 cents to $40.88 on the New York Mercantile Exchange.
US crude futures fell to as low as $40.95 per barrel CLc1 and were last down 0.2 percent at $41.06.
CRUDE OIL: In energy trading, benchmark USA crude reversed earlier losses and was up 13 cents to $41.27 on the New York Mercantile Exchange.
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But analysts say pressure from the government and markets was largely behind the move. This includes the preparation of derivative works of, or the incorporation of such content into other works.
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“In the past, we have seen many instances where BoJ tried and did all it could, but still it was not able to produce the desired result”.
