BOJ Official: Must keep an eye out on how developments in Ukraine could affect Japan firms' fund

Following the release of Japan’s bank lending data, a Bank of Japan (BOJ) said, “must keep an eye out on how developments in Ukraine could affect Japan firms' funding via rising oil prices.”

The BOJ reported that the Japanese bank lending data for February saw a year-on-year rise of 0.4%, which was the smallest since May 2012.

Market reaction

USD/JPY was last seen trading at 115.42, adding 0.13% on the day, courtesy of the recovery in the risk appetite.