Yahoo Finance

Yen Hits New Multidecade Low After Bank of Japan Stays on Hold

The yen whipsawed Friday, hitting a fresh multidecade low against the dollar, after Bank of Japan Gov. Kazuo Ueda disappointed traders seeking hints on further rate increases. + Some analysts say only bigger moves would trigger intervention by Japan's finance ministry. The central bank decided earlier in the day to maintain its recent target range for interest rates at 0% to 0.1%. Ueda left the door open for more rate increases, but suggested recent falls in the yen might not trigger immediate BOJ action.

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  Yen Approaches Intervention Point as BOJ Meeting Starts

  Bloomberg
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  BOJ keeps low rates, hints of future rate hikes fail to stem yen fall

  Reuters

Wall Street and Europe higher as Google owner crosses $2tn

The Bank of Japan (BoJ) kept its monetary policy unchanged at the conclusion of its two-day meeting.

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