💱US Dollar/Japanese Yen FX Spot Rate
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BoJ policy announcement weakened the yen, sending USD/JPY up 1.3% toward 158.00.
The Japanese Yen weakened against its major currency peers on Friday after the Bank of Japan's monetary policy announcement. In European trading, the USD/JPY pair rose 1.3% to trade near 158.00. The move followed the Bank of Japan's latest policy outcome, which drove the Yen lower across the board.
BoJ policy announcement weakened the yen, sending USD/JPY up 1.3% toward 158.00.
BoJ policy decision drove the yen lower, implying higher Japanese yields/rate expectations, pushing the 10Y JGB yield up (bond price down).