The Japanese Yen (JPY) remains on the back foot against a broadly firmer US Dollar (USD) and climbs to its highest level since February 12 during the Asian session on Tuesday.
The Japanese Yen (JPY) slumps across the board on Thursday, with USD/JPY rallying to an eight-and-a-half-month high after the Bank of Japan (BoJ) left interest rates unchanged at 0.50%. At the time of writing, the pair is trading around 154.16, up nearly 0.90% on the day.
Japanese Yen (JPY) is the top performing currency today. USD/JPY dipped under 152.00 after forming a double-top around 153.25. JPY strength coincided with comments by Minoru Kiuchi, minister for growth strategy.