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Home » FOREX-Yen falls after BOJ stands pat on monetary policy; dollar buoyant

FOREX-Yen falls after BOJ stands pat on monetary policy; dollar buoyant

    The yen fell on Friday after the Bank of Japan (BOJ) maintained its ultra-loose monetary policy stance in a keenly awaited rate decision, while the dollar stood near a six-month peak on the prospect of higher-for-longer U.S. rates. The Japanese currency fell nearly 0.4% against the dollar after the BOJ kept ultra-low rates and its dovish guidance on future monetary policy, even as Governor Kazuo Ueda had earlier this month said the BOJ could have enough data by year-end to determine whether it can end negative rates. The yen last bought 148.02 per U.S. dollar.

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