Japan’s yen hits 34-year low after BOJ holds interest rates ...Middle East

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SINGAPORE: The yen hit its weakest in three decades against the U.S. dollar after the Bank of Japan left interest rates on hold on Friday, keeping traders on edge as to when and to what degree authorities in Tokyo may intervene.The yen fell by about 0.2% and weakened to 156.1 per dollar in the minutes after the announcement. The yen also nudged down to its weakest almost 16 years at 167.38 per euro and its weakest in nearly a decade on the Australian dollar.The Bank of Japan left its short-term interest rate target at 0-0.1% and projected inflation to stay around 2% over the next three years.Markets had not expected any policy change, so moves were modest and focus now falls on Governor Kazu

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