Yen swoons by over 1% after BOJ decision

Yen tumbled against most major rivals on Friday following the Bank of Japan’s policy decisions today.

In a step that was widely expected, the Bank of Japan maintained interest rates unchanged at below 0.10%, after its decision to move rates outside of negative territory in March. 

On trading, USD/JPY rallied by 1.3% to 157.7 as of 19:26 GMT.

Aussie 

The Australian dollar rose 0.3% against its US counterpart as of 19:26 GMT to 09.6534. 

Earlier Australian data showed producer prices rose 0.9% last month, same as the previous reading.

The Dollar 

The dollar index rose 0.4% as of 16:22 GMT to 105.9, with a session-high at 106.1, and a low at 105.4. 

Recent US data showed personal spending, the Fed’s favorite inflation index, stabilized at a 2.8% growth rate in March, but remained above analysts’ expectations of 2.7%. 

Core personal spending, excluding food and energy, rose 2.7%, up from 2.5%.

Personal income rose 0.5% last month, above 0.3% in February. 

Data from Michigan University showed the consumer confidence index down 2.8% m/m in April to 77.2 from 79.4 in March.