On the day of the Bank of Japan's decision, the yen fell more than 1.6%, briefly approaching 146 yen

Wallstreetcn
2025.05.01 21:31

On Thursday (May 1), at the New York close, the US dollar rose 1.65% against the Japanese yen, reporting 145.42 yen. During the period leading up to the Bank of Japan's announcement of its interest rate decision shortly after 11:00 AM Beijing time, it continued to fluctuate around the 143 yen level, and then steadily moved upward, refreshing the daily high to 145.73 yen at 02:27.

The euro rose 1.35% against the yen, reporting 164.19 yen; the British pound rose 1.29% against the yen, reporting 193.132 yen.

Japanese Finance Minister Kato Katsunobu stated that there has been no discussion with the United States regarding the goals or framework for controlling foreign exchange trends, and that discussions were held with the United States on whether constructive discussions on foreign exchange issues are necessary

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