The Japanese yen experienced a significant decline, reaching its lowest level versus the euro since 2008 and nearing a four-month low of 151 per dollar, following the Bank of Japan's (BOJ) decision to end its negative interest rate policy, a move widely anticipated by markets. This policy shift, marking the first rate hike in 17 years, led to a mixed reaction in Asian markets, with Japanese stocks rising. Despite the rate hike, speculation that the BOJ will maintain an accommodative monetary policy stance contributed to the yen's weakness. The dollar strengthened against the yen, surpassing the 150 yen mark and achieving a near four-month high, with the Dollar/Yen pair up 0.38% at 151.44. The yen's decline was further exacerbated by expectations of continued loose monetary policy from the BOJ, despite the end of negative rates, with the yen down 1%.
⚠️ MORNING BID: MORE POUNDING OF YEN AS UK INFLATION DATA LOOMS Full Story → https://t.co/F2r0zSGblH A look at the day ahead in European and global markets from Vidya Ranganathan https://t.co/9w7emdBBEt
The yen is at risk of sliding back to three-decade lows against the dollar after the Bank of Japan ended negative interest rates without clear guidance https://t.co/216GaJB8eg
#NewsAlert | Japanese yen fell to a 16-year low against the Euro today as the Bank of Japan indicated that monetary policy would remain loose even after shifting out of its negative interest rate environment. (Reported by news agency AFP)
🔴 DOLLAR-YEN UP 0.38% AT 151.44; HIGHEST SINCE NOVEMBER
*****YEN FALLS TO LOWEST SINCE 2008 VERSUS EURO ON BOJ POLICY BETS**** @markets
Japanese yen hits near 4-month low of 151 per dollar https://t.co/8kpgr3Kw3A
The #yen falls to the weakest level since 2008 against the #euro on speculation the #BankofJapan will keep its monetary policy accommodative even after it ended the world’s last negative-interest-rate policy https://t.co/K8SDpUchh8 via @markets https://t.co/xi9q0T93yJ
Market Alert | Yen falls to lowest since 2008 versus Euro on BoJ policy bets #BoJ #Yen #Euro #MarketAlert #StockMarket https://t.co/KfJ5d8REf7
Dollar advances vs. yen to 4-month high near 151 line in New York https://t.co/EecVN2z8rn
In a weird twist, the Japanese yen drops to the weakest level since 2008 against the euro/USD on speculation the Bank of Japan (BoJ) will keep monetary policy accommodative even after it has ended its negative interest rate policy. https://t.co/8EqjQbTslG
The yen falls to the weakest level since 2008 against the euro on speculation the Bank of Japan will keep its monetary policy accommodative even after it ended the world’s last negative-interest-rate policy https://t.co/U3LEmDYTqc
YEN FALLS TO LOWEST SINCE 2008 VERSUS EURO ON BOJ POLICY BETS https://t.co/NbQCrTSohA
🔴 YEN DROPS TO LOWEST VS EURO SINCE 2008 ON BOJ POLICY EXPECTATIONS
🔴 JPY/EBS UP 0.25% TO 151.24 AFTER HITTING FOUR-MONTH HIGH OF 151.30
🚨BREAKING: $JPY JUST CROSSED 151 vs $USD https://t.co/qi1vhiqJFO https://t.co/dvnhfohpTe
⚠️ MORNING BID: YEN HURTLES TOWARD HISTORIC LOW, FED IN FOCUS Full Story → https://t.co/zwV6XvExzZ A look at the day ahead in Asian markets. https://t.co/aUyaPBkGug
Yen down with JGB yields, stocks rally after landmark BOJ policy pivot - Reuters https://t.co/HI6kdj1sbr
🔴 YEN DROPS ON BOJ'S DOVISH TONE, US FUTURES DECLINE - EUROPE MARKET WRAP https://t.co/dsTAdaKqKs
Shares dip, yen slides as BOJ's landmark policy shift draws eyes https://t.co/9zUyrIixYQ https://t.co/IOcr5nysOZ
⚠️ MORNING BID - JAPAN RETURNS FROM UPSIDE-DOWN WORLD, AI FIZZES Full Story → https://t.co/lzbKTF7kj8 A look at the day ahead in U.S. and global markets from Mike Dolan. https://t.co/8wXfKHPAvQ
Japan's yen falls more than 1%, nearing the weakest level for the year, after the central banks rate hike move https://t.co/eag86G8bq0
ET NOW Alert | Yen extends decline versus dollar to 1%, nearing 2024 low https://t.co/rFSOuMDvue
⚠️BREAKING: *JAPAN'S YEN WEAKENS 1% AGAINST THE DOLLAR DESPITE BOJ RATE HIKE $USD $JPY 🇯🇵 https://t.co/tEFFCybeBW
❖ YEN EXTENDS DECLINE VERSUS DOLLAR TO 1%, NEARING 2024 LOW
❖ DOLLAR/YEN EXTENDS RISE AFTER BOJ DECISION; LAST UP 1% AT 150.630, SET FOR BIGGEST ONE-DAY GAIN SINCE EARLY FEB
Yen Down with JGB Yields, Stocks Rally after Landmark BOJ Stimulus Exit https://t.co/ArkzbnD5nO
Japan Stocks Rise, Yen Slips to 150 after BOJ Makes Landmark Policy Shift as Expected https://t.co/z0AIPXKqy8
Dollar tops 150 yen as BOJ seen keeping easing stance despite shift https://t.co/V1NZ9n2Xke
Dollar tops 150 yen as BOJ ends negative rates: The U.S. dollar topped the 150 yen line on Tuesday in Tokyo after the Bank of Japan decided to end its negative interest rate policy as widely expected… https://t.co/FSrlRlyD7L #japannews #japantoday
⚠️BREAKING: *JAPAN'S YEN STRENGTHENS PAST 150 LEVEL AFTER BOJ RATE HIKE $USD $JPY 🇯🇵 https://t.co/LugN0FLncn
🔴 YEN SLIDES AS BOJ RAISES RATES, FIRST IN 17 YEARS - ASIA MARKET WRAP https://t.co/7GhELeQxwZ
Yen drops, Asian markets mixed as Japan hikes interest rates https://t.co/hhoh9z4uwo
⚠️ MORNING BID: BANK OF JAPAN GOES BIG Full Story → https://t.co/rJmIeqU7iO A look at the day ahead in European and global markets from Ankur Banerjee https://t.co/Jm1TQzz0Xx
Yen Tumbles in Tokyo after BOJ Decision https://t.co/lQHe8vUf2f
BREAKING: $JPY NOW TRADING AT 150 🚨 What a total disgrace the #BOJ has become 🫣 https://t.co/Mi7ZeyBbAT https://t.co/zW6tHK3Kov
🔴 DOLLAR/YEN UP NEARLY 0.5% TO 149.87.
🔴 YEN WEAKENS FURTHER AFTER WELL-ANTICIPATED BOJ END TO NEGATIVE RATES.
🔴 YEN WEAKENS AS BOJ ENDS NEGATIVE RATES; USD/JPY UP 0.37% AT 149.70
🇯🇵BOJ's dovish hike sends $USDJPY up by 100 pips to 149.80. #Japan https://t.co/WLFoqFy6Zr
⚠️ JAPANESE STOCKS DOWN, YEN STEADY AS MARKETS BRACE FOR LANDMARK BOJ SHIFT Full Story → https://t.co/wSbc1LsZY0 https://t.co/PBBK94E8id
DOLLAR/YEN RISES TO 149.345, HIGHEST SINCE MARCH 7
Dollar dips, yen steady as BOJ policy shift beckons - Reuters https://t.co/w0EyYIC8Mt