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The Economic Times
The Economic Times
Business

Yen weak ahead of BOJ decision; rate hike expected

The yen got off to a weak start against the dollar and the euro at the start of Asian trading on Friday, with currency markets in a subdued mood ahead of an expected rate hike from the Bank of Japan later in the trading session.

The yen fell 0.1% to 156.19 yen per dollar, resuming its decline after snapping a three-day losing streak on Thursday as traders prepare for the Japanese central bank to lift interest rates to the highest level in more than three decades. Against the euro, the yen was 0.2% weaker at 179.3000 yen.

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