The Japanese yen breaching past 156 on Thursday, a one month low, as the Bank of Japan kept interest rates unchanged in a nearly unanimous decision on Thursday, as policymakers remained cautious over Japan’s economic outlook and the path of inflation. BOJ member Naoki Tamura was the sole dissenter, calling for a 25 basis point hike on concerns over rising inflation. Additionally, the yen faced pressure from a strengthening US dollar after forward cuts were repric...

The Japanese yen breaching past 156 on Thursday, a one month low, as the Bank of Japan kept interest rates unchanged in a nearly unanimous decision on Thursday, as policymakers remained cautious over Japan’s economic outlook and the path of inflation. BOJ member Naoki Tamura was the sole dissenter, calling for a 25 basis point hike on concerns over rising inflation. Additionally, the yen faced pressure from a strengthening US dollar after forward cuts were repric...