• The Japanese Yen dives to a one-month low after the BoJ’s decision to leave rates unchanged. 
• The Fed’s hawkish shift remains supportive of elevated US bond yields and also weighs the JPY. 
• The risk-off impulse could support the safe-haven JPY and cap the upside for the USD/JPY pair. 

The Japanese Yen (JPY) continues losing ground following Bank of Japan (BoJ) Governor Kazuo Ueda’s comments at the post-meeting press conference and dropped to over a one-month low against its American counterpart in the last hour. The lack of any fresh signals about a potential rate hike during the first