Yen Heads for First Post-BOJ Meeting Drop Since January: ChartBy
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.
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