Analyst: Bank of Japan has not clearly outlined the path for raising interest rates. In the short term, the Japanese yen is relatively weak but with limited volatility.

According to the Wise Finance APP, analysts say that the weakening of the yen against the US dollar is due to the fact that the Bank of Japan has not given a clear indication of the timing for future monetary tightening. Previously, the Bank of Japan raised its benchmark interest rate to the highest level since 1995, as expected. After the latest interest rate decision was announced, Japanese government bond yields rose, with the 10-year JGB yield exceeding 2% for the first time since 2006. Following a press conference by Bank of Japan Governor Haruhiko Kuroda, the yen weakened, falling by about 0.8%, and the dollar was trading near 156 yen.