"Bank of Japan's Policy Stance Sends Yen Plummeting, Market Reacts"

The Japanese Yen weakened against the US Dollar after the Bank of Japan (BoJ) decided to maintain its current policy, including the short-term rate target at -0.1% and the 10-year JGB yield target at 0%. The lack of change in the BoJ's forward guidance, combined with a risk-on sentiment in the market, weighed heavily on the safe-haven JPY. BoJ Governor Kazuo Ueda reiterated that the central bank is prepared to take additional easing measures if necessary. The USD/JPY pair is poised to appreciate further, with a key resistance level at 143.00.