Yen Bears May Come Roaring Back After BOJ Stands Pat: Watchers

Yen bears may come back with a vengeance after the Bank of Japan kept its policy and yield target unchanged.

That’s the view of market watchers who see Japan’s currency weakening toward 150 per dollar. Nearing that level though, traders must be on look-out for intervention by officials, they said. Eyes are now trained on any comments from Governor Kazuo Ueda at his press conference later Friday.