# Bank of Japan holds rates at 0.25%, yen weakens to over four-month low

> The Bank of Japan held its policy rate at 0.25% in a split 8-1 vote, with one member favoring a hike. The surprise hold, which economists had not expected, sent the yen to a four-month low of about 156.77 against the dollar.

- Date: 2024-12-19 · published 2024-12-19T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/27185-bank-of-japan-holds-rates-at-0-25-yen-weakens-to-over-four-month-low
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

The unexpected hold widened the rate gap with the U.S. and weakened the yen, which raises the local-currency cost of dollar-priced imports. The effect on feed commodities is indirect.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- cnbc.com: https://www.cnbc.com/2024/12/19/bank-of-japan-holds-rates-at-0point25percent.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.