FOREX-Yen slides after BOJ stands pat on ultra-loose policy

The yen fell broadly on Tuesday after the Bank of Japan (BOJ) kept its ultra-loose monetary policy unchanged and maintained its forward guidance in a closely awaited decision. The decision was in line with market expectations but some investors were on the lookout for signs on whether the dovish central bank might signal an eventual move away from negative interest rates. "The BOJ will continue to maintain the stability of financing, mainly of firms, and financial markets, and will not hesitate to take additional easing measures if necessary," the BOJ said in a statement at the conclusion of its two-day monetary policy meeting.