In Tokyo trading on the afternoon of the 30th, dollar-yen stood at ¥157.61 as of 15:00. Although the BOJ's policy meeting decided to leave policy unchanged, the pair temporarily fell as low as ¥157.12 after the BOJ judged for the first time that underlying inflation had reached 2%, before rising again to around ¥157.69 ahead of Governor Ueda's press conference.
In Tokyo afternoon trading on the 30th, dollar-yen stood at ¥157.61 as of 15:00, around 3 sen above the ¥157.58 level at 12:00. The BOJ Monetary Policy Meeting decided to leave the policy rate unchanged at 1.25%, but the pair temporarily fell as low as ¥157.12 after the BOJ judged for the first time that underlying inflation had reached 2% and pointed to upside risks to prices.
The dollar subsequently recovered to around ¥157.69 as caution ahead of BOJ Governor Ueda's press conference, scheduled for 15:30, prompted the market to raise its lows.
Euro-dollar weakened to $1.1185, compared with $1.1196 at 12:00, and traded around $0.0011 below that level. As WTI crude oil futures remained firm in the $103 range, euro-dollar weakened to around $1.1181.
Euro-yen pared its losses, standing at ¥176.30 as of 15:00. It was around 13 sen below the ¥176.43 level at 12:00, briefly falling to ¥175.96 in line with dollar-yen before recovering to around ¥176.35 as dollar-yen rebounded.
The reference ranges so far today were ¥157.12–¥157.90 for dollar-yen, $1.1174–$1.1215 for euro-dollar and ¥175.96–¥176.59 for euro-yen.