The Bank of Japan’s most anticipated policy announcement in years left investors underwhelmed, sparking a surge in the yen and sending government bonds and emerging-market stocks lower. Japan’s currency rallied against all of its 31 major peers after the BOJ kept its government-bond buying target and policy interest rate unchanged, opting instead to increase exchange-traded fund purchases.
Caption
A photo shows US and Israeli flags projected on the historic walls of the Old City near Hebron Gate in Jerusalem on June 22, 2025. (Getty Images)