NOKJPY Exchange Rate

The Bank of Japan left its key interest rate unchanged near zero and the bank's latest projections showed the underlying inflation staying around 2 percent that further damped expectations for aggressive tightening in future. The BoJ policy board, headed by Governor Kazuo Ueda, unanimously decided to hold the overnight interest rate at around 0 to 0.1 percent.

Consumer prices in the Tokyo region of Japan were up 1.8 percent on year in April, the Ministry of Internal Affairs and Communications said on Friday.

Producer prices in Japan were up 2.3 percent on year in March, the Bank of Japan said on Wednesday.

Japan posted a merchandise trade surplus of 366.5 billion yen in March, the Ministry of Finance said on Wednesday.

During the Asian trading session on last Friday, the yen has continued to trade at weaker levels, following the recent policy update by the Bank of Japan (BoJ). This month, the yen has experienced a significant decline in value due to expectations of a growing divergence in monetary policies between the BoJ and other major central banks.