Yen Slides as Bank of Japan Boosts Lending; Forint Declines
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The yen slid to the weakest this month against the dollar and the euro after the Bank of Japan boosted its lending programs and said it will maintain monetary easing to stamp out deflation.
The dollar erased gains against a basket of peers after a gauge of manufacturing growth slowed more than forecast. Hungary’s forint declined versus most of its main counterparts as the central bank dropped the two-week deposit rate to a record low. The Thai baht fell with most emerging-market currencies as police clashed with protesters in Bangkok. Investors outside the U.S. increased holdings of Treasuries the most since 2011.