Yen Tumbles as BOJ Stands Pat, Makes Rare Reference to FX Market
Bank of Japan maintains super-easy monetary policy Friday
Japan’s yen worst performing G-10 currency this year
WATCH: Nicholas Smith, strategist at CLSA, discusses the BOJ’s decision to keep rates on hold and its impact on the yen and the economy.Source: Bloomberg
The yen weakened on Friday after the Bank of Japan maintained its ultra-easy monetary stance, continuing its policy divergence with its global peers.
The currency tumbled as much as 2% to 134.91 per dollar after the decision. The BOJ made a rare reference to the currency market, saying it needed to watch its impact on the economy and markets.
