Yen Resumes Slide in Choppy Trading as BOJ Policy Decision Nears
- Fed action positive for Asian shares, Axioma’s d’Assier says
- BOJ starts two-day meeting where it’s expected to stand pat
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The yen extended losses against the dollar, the only major currency around the world to drop versus the greenback on Thursday.
Japan’s currency weakened as much as 1.2% against the dollar during Tokyo trading after the Federal Reserve signaled its pace of rate cuts may slow. It then briefly erased losses as European markets opened before resuming the decline, weakening 0.5% to 143.06 by 11.28 a.m. in London.