The Bank of Japan unexpectedly raised interest rates by 15 basis points, causing the USD/JPY to drop 110 points in the short term
ChainCatcher news, according to Jinshi reports, the Bank of Japan unexpectedly raised interest rates by 15 basis points, causing the USD/JPY to drop 110 points in the short term, currently reported at 151.81.
The Bank of Japan stated that starting from the first quarter of 2026, it will reduce the monthly bond purchase scale to 3 trillion yen. It plans to purchase 75 billion yen of Japanese government bonds with maturities exceeding 25 years twice a month from August to September (previously purchasing 50 billion to 100 billion yen twice a month).
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