Yen falls after ultra loose policy.

The yen hit today as the new Bank of Japan Chief, Haruhiko Kuroda, announced that he would continue with the ultra-loose monetary policy put in place by his predecessor. The policy has been credited with boosting Japan's economy and ending years of deflation but has also weakened the yen significantly. Analysts had expected Kuroda to take a more hawkish stance on monetary policy, so his announcement surprised many. As a result, the yen fell against most major currencies, including the dollar and the euro. Investors are now closely watching for any signs of change in the BoJ's policy under Kuroda's leadership, but ultra-loose monetary policy is here to stay.

In addition to Kuroda's announcement, other factors contributed to the yen's decline. One of these was a rise in U.S. Treasury yields, which made the dollar more attractive to investors seeking higher returns. Another factor was concerns over geopolitical tensions in the Middle East, which led some investors to seek safe-haven assets such as gold and the Swiss franc instead of the yen. Overall, the yen will continue to be influenced by a range of global economic and political factors beyond Japan's monetary policy decisions.

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