Japanese Yen stabilizes in quiet holiday trading

The Japanese Yen stabilized against most major currencies, especially the US currency, in conjunction with a lull trading on the markets due to the Easter holiday.

This week, the Bank of Japan (BoJ) is expected to announce its decision on the interest rate, and market expectations indicate a continuation of contraction unchanged at -0.10%.

Following the decision, markets' focus will shift to the press conference held by BOJ President, Haruhiko Kuroda, to discuss the details of his monetary policy and developments in the Japanese and global economies.

the White House has announced the suspension of waivers for Iranian oil importers, which means further pressure on Tehran's oil exports.

The markets focused today on the White House decision to stop waivers for Iranian oil importers in light of the White House's goal to pressure Tehran's economy and to tighten sanctions against it to stop what it sees as support for terrorism and instability in the Middle East.

In terms of trading, at 19:12 GMT, USD/JPY stabilized at 111.9, and recorded today's highest price at 111.9 and the lowest price at 111.8.