The US dollar surged more than 2% after the Federal Reserve and Bank of Japan announced their monetary policy decisions. The Bank of Japan maintained its interest rate at 0.25%, while the Federal Reserve signaled a shift towards less aggressive rate cuts in the future. This divergence in monetary policy has weakened the Japanese yen, pushing it to its lowest levels against major currencies in recent history.
The USD rallied beyond 2% after the Fed and the BoJ's decisions to hit levels right above 157.00. The Bank of Japan left interest rates at 0.25% and conditioned further tightening to the evolution of wage negotiations. Monetary policy divergence between the US and the Japanese Central banks is weighing on the Yen . The Yen is dropping across the board on Thursday, weighed by a dovish BoJ monetary policy decision.
The bank cut interest rates by 25 basis points but projected two cuts in 2025, instead of the four anticipated in September, which sent US Yields and the USD surging. Japanese Yen PRICE Today The table below shows the percentage change of Japanese Yen against listed major currencies today. Japanese Yen was the strongest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.42% -0.27% 1.35% -0.44% -0.51% 0.00% -0.52% EUR 0.42% 0.15% 1.73% -0.02% -0.09% 0.44% -0.09% GBP 0.27% -0.
USD Yen Boj Federal Reserve Monetary Policy
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