- The yen fell to 157 against the dollar after the Bank of Japan raised its policy rate by a quarter point to 1.25% on Sept. 18.
- Expectations for aggressive BOJ tightening receded as no policy board member proposed a half-point hike.
- Japan's consumer inflation in August came in lower than expected, contributing to yen weakness.
Quotes
“The yen slipped to 157 against the dollar on Friday as expectations for aggressive Bank of Japan tightening receded after the central bank raised its policy rate by a quarter point to 1.25% around midday.”