The yen, which has gained after every Bank of Japan meeting since January, turned lower after Wednesday’s decision. The drop followed the BOJ’s decision to shift its focus away from a pre-set target for expanding the supply of money, and to instead seek to control yields across different maturities. Even with the drop, the yen remains the world’s best-performing major developed-market currency this year.
Photographer: Kiyoshi Ota/Bloomberg
Yen Heads for First Post-BOJ Meeting Drop Since January: Chart
Before it's here, it's on the Bloomberg Terminal. LEARN MORE