The yen's values stabilized after the Bank of Japan, as expected, did not change the rates. At the same time, the dollar showed gains for restoring some of its positions ahead of the Federal Reserve's decision today regarding its lending policy. After the decision, the yen immediately rose, but then the currency became less stable. The Bank of Japan left the key policy rate at 0.5% with a unanimous decision in a medium where the country, oriented towards export, considers the potential impact of Trump's trade policies on its economy. The bank maintains the rate at 0.5%, which suggests a preference for policies to spend more time assessing the rising global economic risks, caused by increased tariffs on Americans and their negative impact on Japan's fragile recovery. As of now, the exchange rate of the yen is 149.31 yen.
Japanese Yen Remains Steady Ahead of Fed Meeting
The Japanese yen showed little change as the Bank of Japan kept interest rates steady at 0.5%, assessing the potential impact of U.S. trade policies on its economy. This decision aligns with market expectations as financial markets await the upcoming Federal Reserve meeting.