Bank of Japan — News Archive

The Japanese yen was mixed following the monetary policy announcement from the Bank of Japan. The currency reacted to the moves of its peers for the most part, rising against the weak ones and falling versus the strong ones.

The Japanese yen fell today, touching fresh lows versus the US dollar and the euro, as Bank of Japan Governor Haruhiko Kuroda reiterated the pledge to keep monetary policy extremely accommodative.

The Japanese yen was in the red across the board as the surging yields on global bonds prompted the Bank of Japan to step in to keep the yield curve in check.

The Japanese yen fell against its major peers during the Thursday’s trading session but managed to trim its losses by now and even erased them completely versus the US dollar.

The Japanese yen fell today against its major peers after the Bank of Japan released the Summary of Opinions expressed during the June policy meeting. The optimistic market sentiment was also unfavorable to the currency.

The Forex market was largely driven by central banks’ meeting during the past trading week. Yet the Canadian dollar had its own bullish factor that allowed it to ignore other news for the most part and to become the strongest major currency by the weekend (though other commodity currencies were strong as well).

The Japanese yen fell today after the Bank of Japan maintained its ultra-loose monetary policy and did not discuss its stimulus-exit plans.

The Japanese yen today weakened against the US dollar as the markets’ risk appetite increased given the positive performance of European and US equity markets, and the weak demand for the yen. Disappointing Japanese Business Sentiment Index (BSI) data released by the Ministry of Finance also increased the selling pressure on the yen.

The Japanese yen advanced against the US dollar on Wednesday after traders became anxious about recent political developments in the United States. The Japanese currency, which is viewed as a safe haven asset, ended two days of little movement as controversies surrounding US President Donald Trump were stoked by recent reports on his ties with Russia.

The USD/JPY currency pair rallied higher during the European session, reversing the gains made by the Japanese yen after a speech by Bank of Japan Governor, Haruhiko Kuroda. However, the pair erased most of its gains during the American session after the release of weak US housing starts data.