Yen Falls After BOJ Rate Decision
March 09 2023 - 5:47PM
RTTF2
The Japanese yen weakened against the other major currencies in
the early Asian session on Friday, after the Bank of Japan left its
policy balance rate unchanged at -0.1 percent, as expected.
The yen fell to a 2-day low of 144.99 against the euro, a 3-day
low of 163.19 against the pound and nearly a 3-month low of 146.91
against the Swiss franc, from yesterday's closing quotes of 144.04,
162.25 and 145.87, respectively.
Against the U.S. and the Australian dollars, the yen edged down
to 136.97 and 89.99 from a recent 3-day high of 135.81 and nearly a
2-month high of 89.26, respectively. Against the New Zealand and
the Canadian dollars, the yen dropped to 83.52 and 98.94 from
recent 1-month highs of 82.87 and 98.15, respectively.
If the yen extends its downtrend, it is likely to find support
around 146.00 against the euro, 166.00 against the pound, 148.00
against the franc, 139.00 against the greenback, 92.00 against the
aussie, 85.00 against the kiwi and 100.00 against the loonie.
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