The Japanese yen fluctuated between losses and gains in unstable trades after a brief period following the adoption of the decision, but then began to rise. In the most recent trades, it increased by 0.4 percent and traded at 155.43 yen per dollar. This happened after the Bank of Japan announced an increase in the interest rate on Friday and changed its growth forecast. At the same time, the Australian and New Zealand dollars rose after hints from U.S. President Donald Trump about a more flexible position on tariffs on imports from China.
The Australian dollar increased by more than 0.6 percent, reaching the highest level in five weeks at 0.6324 dollars. The Bank of Japan raised its interest rates to their maximum values since the global financial crisis in 2008 and revised its inflation forecast. This occurred after the 25-basis point increase in the referenced rate at the end of the two-day meeting on monetary policy.
