0328 GMT - USD/JPY rises after the Bank of Japan lowers its projections for inflation and growth in the coming years amid trade uncertainty, stoking expectations that the central bank will refrain from raising rates further for the time being. USD/JPY rises to 143.41 from 143.06 prior to the meeting outcome. The BOJ kept its policy rate unchanged on Thursday. The Tokyo stock market is on lunch break but Nikkei futures extended their gains on a weaker yen after the BOJ announcement and are now up 0.8% at 36310, compared with up 0.6% prior. Investors will be focusing on BOJ Governor Kazuo Ueda's press conference later in the day for any signs of policy direction. (kosaku.narioka@wsj.com; @kosakunarioka)
(END) Dow Jones Newswires
April 30, 2025 23:28 ET (03:28 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.