USD/JPY has popped a little higher after the BoJ statement and report - mixed but dovey

  • The Bank of Japan have come across a little less hawkish in this set of statements and reports

I posted the main points here:

In very brief:

  • kept interest rates steady, short-term policy rate unchanged at 0.5% by a unanimous vote
  • cut its growth forecasts
  • cited the damage to global demand from higher U.S. tariffs impacting Japan's nascent economic recovery

BOJ Governor Ueda press conference is at 0630 GMT

USD/JPY update:

usdyen Bank of Japan 01 May 2025 2

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