With the Bank of Japan's decision to maintain monetary policy, the USD/JPY rose to the 158 yen level briefly.

【6/14Market Overview

During Tokyo time, when the Bank of Japan announced the maintenance of monetary policy at the surrounding meeting, the USD/JPY rose to158.25yen. When Governor Ueda began his press conference and stated that “the reduction of government bond purchases will be of an appropriate scale,” the USD/JPY weakened to157.65yen, but then recovered and moved around the 158 level. In European trading, due to political uncertainty in France, French equities fell more than 2%, pulling global stock indices lower; on a risk-off flow, the cross yen declined, and the USD/JPY fell to156.87yen. NYtime,6-month Mississippi University of Michigan consumer sentiment provisional index missed expectations, but the inflation expectation among consumers released at the same time rose above expectations, limiting market reaction. The USD/JPY hovered in the lower- to mid-157yen range.