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The Nikkei 225 fell 2.46% and the yen strengthened more than 3% against the dollar to 132.56 on December 20, 2022, after the BOJ widened its yield target range. The BOJ kept its benchmark rate at -0.1% and Governor Kuroda said it would not hesitate to ease further if needed.
Other Asian markets also declined.
The yen rally and regional equity decline lower the yen cost of US dollar-priced feed imports into Japan and weigh on regional risk appetite. Kuroda's signal of further easing limits how far the yen could rise.
cnbc.comJihye LeeDec 19, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
