Japanese Finance Minister Shunichi Suzuki declined to comment on the market reaction, in response to the Bank of Japan’s (BoJ) policy decision.

Additional comments

“Monetary policy is up to BoJ to decide.“

“BoJ decision aimed at improving corporate finance while maintaining accommodative monetary conditions.”           

Market reaction

USD/JPY remains heavily sold-off into the hawkish BoJ policy shift, which sent markets into a tailspin. The pair is down 3.40% on the day at 132.25, at the press time.