Yen weakens after BofJ decision

The Japanese yen declined Thursday in the aftermath of the decision by the Bank of Japan to keep interest rates at 0.5 percent for now.

In midday trade in New York, the yen had dropped 0.8 percent to ¥116.30 to the US dollar, was 1 percent lower to ¥157.80 versus the euro, and had fallen 1.4 percent in relation to sterling to ¥233.10.

The yen was also down 1.8 percent and 2 percent respectively against the New Zealand and Australian dollars.

Meanwhile, the US dollar also weakened Thursday, falling 0.2 percent to $1.3565 in relation to the euro as it dropped 0.6 percent to $2.0050 against sterling and was 0.9 percent lower versus the Canadian dollar, to C$1.0525.

Among emerging currencies, the US currency dropped 0.3 percent to the South African rand to R7.900, fell 0.6 percent to R$1.9890 versus the Brazilian real, and declined 0.7 percent to TL1.2300 in relation to the Turkish lira.

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