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Yen weakens ahead of expected BOJ rate decision

The yen slipped in Asian trading on Friday as currency markets prepared for an anticipated interest rate hike from the Bank of Japan. Inflation data for August fell slightly short of expectations, keeping focus on Governor Ueda and future tightening plans.

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FILE PHOTO: Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

The Japanese yen fell 0.1% to USD/JPY 156.19 during Friday morning trading as markets awaited an expected interest rate hike from the Bank of Japan.
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