The Japanese yen rallied against its major counterparts on Friday, as the Bank of Japan decided to bring greater flexibility to the yield curve control and to maintain its ultra-loose monetary policy.
The bank board, led by Governor Ueda Kazuo, decided to continue to allow the yield on 10-year Japanese government bonds, or JGBs, to fluctuate in the range of plus and minus 0.5 percentage points from the target level.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.