Yen Falls Most in a Month on BOJ Stimulus Expectations
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The yen weakened the most in a month against the dollar as the Bank of Japan started a two-day meeting amid speculation it will boost stimulus measures to spur flagging growth.
Japan’s currency fell versus all its 16 major peers after Fitch Ratings cut the nation’s credit ranking, saying it isn’t acting quickly enough to tackle its public debt burden. The pound weakened as the International Monetary Fund said the U.K. needs more monetary easing. The euro fell the most in two weeks against the dollar before the leaders of Germany and France meet at the European summit in Brussels tomorrow.