The Japanese yen weakened against the U.S. dollar, with the USD/JPY exchange rate rising above 150 for the first time since March 5, marking a two-week high. This follows the Bank of Japan's decision to maintain its policy interest rate and acknowledge evolving trade and policy risks in its outlook. Benchmark 10-year Japanese government bond (JGB) futures extended their decline, falling by 0.17 points after the Bank of Japan's decision. The level of 150 has been a key threshold for carry trade activity over the past year. The weaker yen lifted Japanese exporter-related stocks, while Tokyo's broader stock market saw mixed results. The Nikkei index fell by 93.54 points to 37,751.88, while the Topix index rose by 12.40 points to 2,795.96. Investors are closely monitoring remarks by Bank of Japan Governor Kazuo Ueda and the upcoming U.S. Federal Reserve policy decision.
USD/JPY rises to two-week high above 150.00 as the risk mood improves https://t.co/z07vxSgMVK
USDJPY back above 150. 150 has been the key “carry trade” level to watch over the last year. It will be interesting to see what happens from here. https://t.co/hyK9PGLqvx
USDJPY >150