Yen nears two-year low ahead of Bank of Japan meeting
The yen holds near a two-year low as the Bank of Japan meets following the Fed rate hold. Markets are weighing inflation risks against a surge in oil prices.
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The Japanese yen remained under significant pressure in Singapore on Thursday as investors turned their attention to the Bank of Japan. The currency was trading at 159.78 per dollar, near a two-year low, while Finance Minister Satsuki Katayama stated that authorities in Japan are on heightened alert for speculative volatility.
