Yen Falls on Speculation BOJ Will Expand Easing; Aussie Weakens
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The yen fell against the dollar, snapping a two-day advance, amid speculation the Bank of Japan will expand stimulus when it meets next week.
The currency fell versus 14 of its 16 major peers after Economy Minister Akira Amari said his comments earlier this week that excessive weakening of the yen was harmful had been misinterpreted. It rallied in the past two days after comments by Japanese officials damped expectations the government will push for further declines. Australia’s dollar slid after data showed the nation lost jobs in December. Switzerland’s franc weakened as demand for the safest assets fell.