As expected, the Bank of Japan maintained the short-term interest rate at minus 0.1% and kept the 10-year bond yield at 0% under its yield curve control policy. The yen fell significantly following the decision to lower interest rates, reaching a 15-year low of 153.97 against the euro, after dropping more than 1% in the previous session.
In the latest trades, the Japanese currency slipped 0.25% to 140.66 against the dollar. The euro held near its highest level in a month at 1.0942 against the dollar after rising over 1% on Thursday following the European Central Bank's rate hike.
The Australian dollar remained stable at 0.6882 against the dollar, while the New Zealand dollar rose 0.02% to 0.6236 versus the dollar.
