# Nikkei 225 falls more than 2% after Bank of Japan widens yield target range, yen strengthens

> 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.

- Date: 2022-12-19 · published 2022-12-19T12:00:00.000Z
- Category: macro · region Japan · magnitude medium
- Page: https://feedsoft.ai/events/38468-nikkei-225-falls-more-than-2-after-bank-of-japan-widens-yield-target-range-yen
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

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.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- cnbc.com: https://www.cnbc.com/2022/12/20/asia-pacific-bank-of-japan-decision.html

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