The Japanese yen strengthened against other major currencies in the Asian session on Tuesday, after the Bank of Japan left its key interest rate unchanged and upgraded its inflation outlook citing higher global crude oil prices.
The policy board voted 6-3 majority to hold the uncollateralized overnight call rate at around 0.75 percent.
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Market Analysis
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.