Yen Falls to 7-Month Low as Traders Shift Focus From Fed to BOJ

From bnnbloomberg.ca

The yen weakened to its lowest since November as traders shifted their focus from a hawkish Federal Reserve to Friday’s Bank of Japan policy decision. The Japanese currency fell as much as 0.7% to 141.04 per dollar, triggering comments from Chief Cabinet Secretary Hirokazu Matsuno that excessive movements weren’t desirable. Last month when the yen weakened to similar levels, officials from the BOJ, the Ministry of Finance and the Financial Services Agency held an unscheduled meeting. “Given the market moves and the Fed’s policy outlook, there is growing possibility that the three-way meeting will be held and ... (full story)