The Yen experienced a decline following the Bank of Japan’s (BOJ) decision to hold steady its monetary policy. This move has solidified the view that Japan will likely remain behind other leading economies in adjusting interest rates.

The BOJ’s continued commitment to its ultra-loose monetary policy stands in contrast to the tightening monetary policies being adopted by other central banks globally. This divergence has put downward pressure on the Yen.

Market participants are closely watching the BOJ’s next moves, seeking clues about any potential future adjustments to its policy framework. The central bank’s stance will be crucial in determining the Yen’s trajectory in the coming months.