The Bank of Japan remains steady as expected, with the yen maintaining narrow fluctuations against the US dollar
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On Thursday, the Bank of Japan maintained the short-term policy interest rate at 0.25%, in line with market expectations, and kept inflation expectations around 2%. Following the interest rate decision, the Japanese yen fluctuated within a narrow range, currently at 1 USD to 153.32 JPY. Due to rising domestic and international political uncertainties, the market is focused on whether the Bank of Japan's governor will hint at a rate hike. The yen has shown weakness recently and may face pressure for an interest rate increase
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