SINGAPORE: The yen hit its weakest in three decades against the U.S. dollar after the Bank of Japan left interest rates on hold on Friday, keeping tra...
: The yen hit its weakest in three decades against the U.S. dollar after the Bank of Japan left interest rates on hold on Friday, keeping traders on edge as to when and to what degree authorities in Tokyo may intervene.
Markets had not expected any policy change, so moves were modest and focus now falls on Governor Kazuo Ueda’s tone and outlook at his news conference at 3.30pm in Tokyo . Japanese Finance Minister Shunichi Suzuki said on Friday he was closely watching currency moves and prepared to take full steps in response.
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