After the Bank of Japan meeting, the volatility of the yen intensified.

After the Bank of Japan held a meeting earlier, the yen's movement was erratic. The Bank of Japan maintained interest rates as expected by the market. Mitsubishi UFJ's Lee Hardman pointed out that the yen initially weakened, pushing the dollar to rise to 159.23 yen, but then sharply dropped to 157.37 yen. The analyst said that this movement sparked speculation about possible intervention by the authorities, but it may also simply reflect the market's nervousness as the currency pair approached 160.00 yen. After the Bank of Japan made its decision, Governor Haruhiko Kuroda said at a press conference that he would closely monitor the yen. Kuroda also promised to take necessary measures to restore order to the bond market if yields rose abnormally. The latest exchange rate for the U.S. dollar against the Japanese yen is 158.19 yen.