The Bank of Japan remains as steady as a rock: it has maintained negative interest rates as scheduled and has not released any signals of easing! As a result, the Japanese yen plummeted.

The Bank of Japan continues to implement a negative interest rate policy without releasing any easing signals, leading to a sharp decline in the yen. Although there was no mention of the prospect of interest rate hikes and normalization of monetary policy, speculation about the Bank of Japan eventually raising interest rates still exists. The market is disappointed with this policy decision, as investors had expected the central bank to raise interest rates earlier or send out signals of a rate hike. This move has disappointed investors who were betting on an appreciation of the yen exchange rate, resulting in a depreciation of the yen exchange rate.