The Bank of Japan鈥檚 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鈥檚 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.

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A Mexican National Guard officer stands guard on a pickup truck during a vehicle check heading to the United States at the San Ysidro Port of Entry crossing in Tijuana, Baja California, Mexico, on February 6, 2025. (Getty Images)