USDJPY Today: Yen Plunges to 20-Year Low After Unexpected BOJ Announcement

The USD/JPY currency pair has surged significantly today, hitting a 20-year peak as the Japanese yen tumbles. This dramatic shift follows an unexpected statement from the Bank of Japan (BOJ), indicating ongoing monetary easing which caught forex markets off guard. This news stirs concerns about potential government intervention and contributes to heightened volatility across both forex and Japanese equity markets.