JadeFOREX

Yesterday’s dollar/yen exchange rate was volatile. After the Bank of Japan announced that it would not revise the easing and maintain the status quo of monetary policy, the currency soared from the mid-128 yen range to the mid-131 yen range. However, after that, reversal selling prevailed, and the price was pushed back to the 128 yen level in the middle of the European market. Entering the New York market, the stock temporarily fell to the mid-127 yen level due to the worsening of several US economic indicators. However, after a hawkish remark by a high-ranking official of the US Federal Reserve Board (FRB), the exchange rate recovered to the upper 128 yen level and finished trading 0.6% higher than the previous day.