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Yen eases after BOJ holds, dollar wobbles ahead of Fed outcome - REUTERS

MARCH 19, 2025

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Summary

  • Yen dips after BOJ stands pat on rates
  • Fed decision key for markets on Wednesday
  • Euro near five-month peak on German fiscal reform

SINGAPORE, March 19 (Reuters) - The yen fell on Wednesday after the Bank of Japan kept interest rates unchanged as widely expected, while the dollar struggled to regain some lost ground ahead of the Federal Reserve's policy decision later in the day.

The BOJ on Wednesday maintained its short-term interest rate target at 0.5%, underscoring policymakers' preference to spend more time gauging how mounting global economic risks from higher U.S. tariffs could affect Japan's fragile recovery.

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