Yen Rises as BOJ Holds Rates
The Japanese yen advanced toward a third daily gain after the Bank of Japan kept interest rates steady at 1.25 percent and hinted at future hikes. Meanwhile, declining US Treasury yields weighed on the dollar.
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The USD/JPY gained during Friday morning trading after the Bank of Japan left rates unchanged at 1.25% while signaling a shift toward more frequent rate hikes. The move sent the yen toward a third consecutive daily gain, though falling Treasury yields simultaneously dragged on the greenback.
