Bank of Japan Holds Interest Rates, Yen Weakens Against U.S. Dollar

The BOJ’s decision to maintain rates saw the yen slip over 20 pips, with the dollar rising to 147.84.

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Terms & Concepts
  • Pip: A standard unit of movement in forex trading, representing the smallest price change an exchange rate can make, typically equal to 0.0001 for major currency pairs.
  • Interest Rate Decision: A monetary policy action by a central bank where the benchmark interest rate is set, influencing borrowing costs, currency values, and economic activity.