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Yen slightly strengthens as BOJ holds rates steady https://t.co/HtXdwrnJNV
YEN CONTINUES TO STRENGTHEN AGAINST DOLLAR FOLLOWING BOJ DECISION
The yen fluctuated in a tight range against the dollar after a widely expected decision by the Bank of Japan to stand pat on interest rates kept traders guessing on when the huge rate gap with other countries will narrow. https://t.co/B2ONzxAhln
The Japanese yen consolidated and fluctuated in a tight range against the U.S. dollar following the Bank of Japan's (BOJ) widely anticipated decision to maintain interest rates. As a result of the announcement, the yen strengthened by 0.1% against the dollar, with the USD/JPY dipping to 153.20. Market participants are left speculating on when the significant interest rate gap between Japan and other countries will begin to narrow. Despite the strengthening, some reports indicated that the yen remained largely unchanged against the dollar overall.
