The day after the Bank of Japan announced that it would maintain an “accommodative” monetary policy, the yen fell to its lowest level against the euro.

The Bank of Japan decided to maintain an “accommodative” monetary policy despite abandoning its negative interest rate policy. However, the Japanese yen fell to 164.48 yen per euro at the end of the morning, the switch to a short-term interest rate between 0% and 0.1% still considered insufficient to stimulate demand in the face of the 4% deposit rate used by the European Central Bank