After the Bank of Japan raised interest rates, the financial market remained stable and the volatility of the yen dropped to its lowest level since 2021.

According to the Wise Finance and Economics APP, after the Bank of Japan announced its latest interest rate decision, it successfully maintained relative stability in the financial market, keeping the Japanese yen within a narrow range of fluctuations, although the yen is still at historically weak levels. On Tuesday, the intraday fluctuation range of the US dollar against the Japanese yen was only 0.43 yen, the smallest range since the last day of the Bank of Japan meeting in January 2021. At the same time, Japanese government bond yields edged up slightly, and the Nikkei 225 index briefly exceeded the 70,000 mark for the first time.