Japanese Yen Plunges as Bank of Japan Shifts Policy, Sparking Currency Intervention Concerns
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Japanese yen depreciates sharply against dollar and euro after Bank of Japan maintains negative rates and tweaks yield curve control.
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Bank of Japan's new policy allows 10-year bond yield to rise above 1.0%, moving away from ultra-accommodative stance.
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Yen drop worsened by Ministry of Finance saying it hasn't intervened recently in FX markets.
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USD/JPY breaks above 151, hitting highest level since October 2021, with 152.85 as next resistance.
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EUR/JPY hits 15-year high above 160 but faces resistance at 161 - breakout could spark rally to 162.80.
