Yen Falls Slightly After BOJ Keeps Policy Unchanged
The Japanese yen weakened against other major currencies in the
Asian session on Friday, after the Bank of Japan maintained its
ultra-loose monetary policy unchanged on Friday, as widely
The board of the BoJ decided to retain a negative interest rate
of 0.1 percent on current accounts that financial institutions
maintain at the central bank.
The bank also voted to keep the cap on the 10-year Japanese
government bonds yield at around zero percent.
"With extremely high uncertainties surrounding economies and
financial markets at home and abroad, the Bank will patiently
continue with monetary easing while nimbly responding to
developments in economic activity and prices as well as financial
conditions," the bank said in a statement.
Official data today showed that inflation excluding fresh food
remained unchanged at 3.1 percent in August. Overall consumer price
inflation slowed marginally to 3.2 percent from 3.3 percent in
In the Asian trading now, the yen fell to 157.97 against the
euro and 182.06 against the pound, from yesterday's closing quotes
of 157.97 and 182.06, respectively. The yen may test support around
161.00 against the euro and 187.00 against the pound.
Against the U.S. dollar and the Swiss franc, the yen dropped to
148.26 and 163.88 from yesterday's closing quotes of 147.58 and
163.13, respectively. If the yen extends its downtrend, it is
likely to find support around 149.00 against the greenback and
167.00 against the franc.
Against Australia, the New Zealand and the Canadian dollars, the
yen edged down to 95.25, 87.97 and 110.12 from Thursday's closing
quotes of 94.70, 87.53 and 109.45, respectively. On the downside,
98.00 against the aussie, 89.00 against the kiwi and 111.00 against
the loonie are seen as the next support levels for the yen.
Looking ahead, Flash PMI reports from various European economies
and U.K. for September are due to be released in the European
At 7:00 am ET, ECB Board Member Luis de Guindos will deliver a
speech at an event organised by Kreab in Madrid, Spain. In the New
York session, Canada retail sales data for July, manufacturing
sales data for August, U.S. flash PMI reports for September and
U.S. Baker Hughes oil rig count data are set to be published.
At 8:50 am ET, Federal Reserve Board Governor Lisa Cook will
give a keynote speech before the National Bureau of Economic
Research Economics of Artificial Intelligence Conference, Fall, in
Euro vs Yen (FX:EURJPY)
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Euro vs Yen (FX:EURJPY)
부터 12월(12) 2022 으로 12월(12) 2023