Yen slips after BOJ stands pat on ultra-loose policy

Singapore, Dec. 19 (BNA): The yen fell broadly on Tuesday after the Bank of Japan (BOJ) kept its ultra-loose monetary policy unchanged and maintained its forward guidance in a closely awaited decision at the conclusion of its two-day policy meeting.

 

The yen slid more than 0.6% against the U.S. dollar to a session-low of 143.78 following the decision, though it later pared some of those losses. The yen last stood at 143.46 per dollar, Reuters reported.

 

Against the euro, the yen likewise weakened to a one-week low of 157, and was last roughly 0.5% lower at 156.72 per euro.

 

While the outcome was in line with market expectations, some investors were on the lookout for signs on whether the dovish central bank might signal an eventual move away from negative interest rates.

 

 

ZH