The yen fell amid volatile trade on Friday after the Bank of Japan (BOJ) maintained its accommodative monetary policy stance at the conclusion of its two-day policy meeting, while Asian shares rose elsewhere. The BOJ kept its short-term rates steady on Friday, as expected, while removing a reference to the amount of government bonds it has roughly committed to buying each month. The Japanese yen fell shortly after the announcement to the weaker side of 156 per dollar, marking a fresh 34-year trough.
SINGAPORE :The yen fell amid volatile trade on Friday after the Bank of Japan (BOJ) maintained its accommodative monetary policy stance at the conclusion of its two-day policy meeting, while Asian shares rose in the broader market.The BOJ kept interest rates around zero on Friday, as expected, while removing
TOKYO: Japan is concerned about negative effects of the weak yen, finance minister Shunichi Suzuki said on Friday (Apr 26), in a fresh warning to speculators as the currency fell further after the central bank's widely expected decision to hold rates steady. The Bank of Japan kept policy settings unchanged
Equities have shrugged off dialled back rate cut expectations, with the US not expected to pull the trigger until September and the RBA priced for December if at all this year.
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