Category: JPY (Japanese Yen)

During the Monetary Policy Meeting, the Policy Board of the Bank of Japan unanimously decided to set the guideline for money market operations for the intermeeting period. The Bank aims to maintain the uncollateralized overnight call rate at around 0.25 percent.

At one point, the yen-dollar exchange rate touched the 139 yen per dollar range. The opportunity is the U.S. Federal Reserve Board (FRB) to start a substantial interest rate cut is expected to re-emerge, but the yen strengthened the background of the U.S. economic outlook is worrying and Japan and the U.S. interest rate differentials narrowed. However, Japanese households to buy overseas assets, such as “structural yen selling” still exists, the yen appreciation is difficult to develop in one direction.

Introduced in 1871, the Japanese yen (Japanese: 円), or JPY, is the official currency of Japan. The symbol of the yen is ¥, along with JP¥, which is sometimes used to separate the Japanese yen from the Chinese yuan renminbi, which shares the same symbol.