Yen down on BOJ stuck to monetary easing, dollar gains

The yen fell on Friday as the Bank of Japan stuck to monetary ‎easing, while the dollar tried to recover from losses at the ‎weekend on expectations that the Federal Reserve would ‎signal a slowdown in interest rate hikes. ‎

According to “Reuters”, the dollar rose in the latest trading 0.8 ‎percent against the yen to 147.43 after the Bank of Japan kept ‎short-term interest rates unchanged at 0.1 percent and pledged ‎to keep the 10-year bond yield at zero percent, as expected. .‎

‎”We don’t plan to raise interest rates or go out (from easing) ‎anytime soon,” said Haruhiko Kuroda, Governor of the Bank of ‎Japan.‎

He added that policies will be changed if the inflation rate in ‎Japan approaches two percent, but that this will be announced ‎to the markets clearly.‎

The dollar also rose against the pound sterling, which fell 0.4 ‎percent to 1.1516 against the dollar, and against the euro, ‎which fell 0.2 percent to 0.9941 against the dollar, as investors ‎exercised a little caution.‎

The single currency is trying to recover after falling 1% the ‎previous day after the European Central Bank raised interest ‎rates by 75 basis points.‎