Reported about 1 year ago
The Bank of Japan announced on the 14th that it will maintain the benchmark interest rate unchanged and reduce the purchase of government bonds to restore market rates. After the announcement, the yen against the dollar quickly declined, approaching the 158 mark, close to the low point in April this year. During the speech by the Bank of Japan Governor Kuroda, the yen-dollar exchange rate quickly rebounded. Analysts expressed that the yen may continue to weaken due to uncertainty about the specifics of bond purchase reduction, while some believe the possibility of a July rate hike has decreased.
Source: YAHOO