Forex Today: Japanese Yen Slides as BoJ Maintains Policy Settings

The Japanese Yen (JPY)stays under selling pressure on Friday as markets assess the Bank of Japan's (BoJ) monetary policy announcements.

FXStreetJun 14 03:38 ET

Core inflation may accelerate, and the Bank of Japan is expected to raise interest rates further.

Economists expect that Japan's core CPI year-on-year growth rate in May may accelerate from 2.2% last month to 2.6%, which will lead to the Bank of Japan continuing to raise interest rates in the coming months.

Zhitong FinanceJun 14 02:56 ET

The Bank of Japan kept interest rates unchanged and announced that it will not decide on reducing its bond-buying program until next month. The yen fell close to the "intervention range".

The Bank of Japan kept interest rates unchanged on Friday, but stated that the reduction in bond purchases will be announced at the July meeting, which in fact is delaying the process of normalizing monetary policy. On June 14, the Bank of Japan announced its latest interest rate decision, maintaining the benchmark interest rate at 0-0.1%, and the committee unanimously agreed on the interest rate resolution by 0-9, which was in line with market expectations. In terms of bond purchases, the Bank of Japan was "ambiguous," announcing a reduction in the amount of government bond purchases, but continuing to purchase bonds based on the March decision, and will announce a reduction in the bond purchase plan at the next July meeting, deciding on the purchase of government bonds for the next 1-2 years. The Bank of Japan stated that it will hold a "bond market"

wallstreetcnJun 13 23:24 ET

Japanese Yen Remains Subdued Ahead of BoJ Policy Decision

The Japanese Yen edges lower as the BoJ is widely expected to leave interest rates unchanged on Friday

FXStreetJun 13 21:30 ET

Japan's Producer Inflation Hits Fastest Clip in Nine Months

The pace of gains in Japan’s producer prices quickened more than expected in May, registering the fastest clip in nine months, adding to signs of simmering inflationary pressure ahead of the Bank of Japan’s meeting this week.

BNN BloombergJun 12 01:52 ET

Producer prices in Japan have increased at the fastest pace in nine months, adding to the accumulated signs of inflationary pressure.

Japan's producer price growth in May exceeded expectations, reaching the fastest growth rate in nine months, exacerbating signs of inflationary pressure on the eve of the Bank of Japan meeting this week. The Bank of Japan announced on Wednesday that the indicator measuring Japanese business input prices rose 2.4% year-on-year. This increase exceeded economists' expectations of 2%, mainly due to the increase in wind power surcharges. The price index rose 0.7% month-on-month, the largest increase in 18 months. The report showed that the cost of imported materials denominated in yen rose 6.9%, the largest increase since March last year, indicating that the yen-dollar exchange rate touched on April 29.

環球市場播報Jun 11 23:06 ET