BOJ Keeps Market Steady With Yen Volatility at Lowest Since 2021

The Bank of Japan kept financial markets stable following its latest policy decision, with the dollar-yen intraday range at 0.43 yen, the narrowest for a BOJ meeting day since January 2021. The central bank raised its benchmark rate to the highest since 1995 and decided to stop cutting bond purchases, broadly matching market expectations. Deputy Governor Shinichi Uchida hinted at hawkish risks, citing potential inflation above the 2% target, while the yen continued to trade past 160 per dollar, keeping investors alert to possible currency intervention.