The Bank of Japan kept interest rates steady and sharply cut its growth forecasts on Thursday, suggesting uncertainty surrounding U.S. tariffs and the hit to exports could keep policy in a holding pattern for some time.

The Bank of Japan kept its key short-term interest rate unchanged at 0.5% during its May meeting, maintaining the highest level since 2008 and in line with market expectations.  The BOJ has now held p

The AUD/JPY cross gains traction to near 91.90 during the Asian trading hours on Thursday. The Japanese Yen (JPY) trades slightly weaker against the Aussie after the Bank of Japan (BoJ) decided to keep its policy rate unchanged at its May meeting on Thursday. The attention will shift to the BoJ Press Conference later on Thursday.