URGENT: Yen falls sharply vs. U.S. dollar as BOJ keeps ultraeasy policy

Economy

The yen fell sharply against the U.S. dollar on Friday after the Bank of Japan left its ultraeasy policy unchanged, highlighting the stark differences between the central bank and its global peers amid soaring inflation. The Japanese currency briefly tumbled to the upper 134 range, from the lower 133 zone before the BOJ's decision but pared losses quickly. Trading remained volatile, moving in a wider range than usual.

Kyodo News

Kyodo News Bank of Japan