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Bank of Japan
Latest news updates regarding the Bank of Japan.
The Japanese yen is nearing 160 JPY/USD despite a record $73.6 billion intervention package.
The Japanese currency recorded the worst performance among G10 currencies in May. Market attention is now focused on the Bank of Japan's (BOJ) policy meeting on June 16th.
Market
Yields on 10-year Japanese government bonds rose to 2.785%.
JGB bond prices fell for the seventh consecutive session as investors awaited supplemental budget plans and further monetary tightening decisions from the Bank of Japan.
The Bank of Japan kept interest rates at 0.75%, raising its inflation forecast to 2.8%.
The Bank of Japan (BOJ) decided to maintain interest rates at 0.75% at its April 28 meeting but sharply raised its inflation forecast due to risks from the Middle East. Increasing internal divisions signal the possibility of further tightening...
The Japanese yen recovered to 155.8 JPY/USD following signals from the central bank.
The Japanese yen rebounded from a two-week low on expectations of tighter policy from the Bank of Japan, despite pressure from Prime Minister Sanae Takaichi's dovish stance.
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