Japanese Yen appreciates on FOMC Statement release

During Thursday session, the Japanese Yen appreciated 51 pips or 0.47% against the US Dollar.  

The reason for the advance was the FOMC Statement release on Wednesday 18:00 GMT, where The Federal Reserve suggested that rate cut could occur in 2020 due to recent softened employment data set and inflation data releases. Note, that the Fed has not cut the interest rate since the financial crisis. 

Note, that the USD/JPY exchange rate managed to recover after the Japanese Monetary Policy Statement at 2:45 GMT and the BoJ Press Conference at 6:30 GMT.