The Bank of Japan’s most anticipated policy announcement in years left investors underwhelmed, sparking a surge in the yen and sending government bonds and emerging-market stocks lower. Japan’s currency rallied against all of its 31 major peers after the BOJ kept its government-bond buying target and policy interest rate unchanged, opting instead to increase exchange-traded fund purchases.
Caption
An Air Force Global Strike Command unarmed Minuteman III intercontinental ballistic missile launches during an operation test on February 23, 2021, at Vandenberg Air Force Base in California. (US Space Force)