Yen Drops on BOJ’s Dovish Tone, US Futures Decline: Markets Wrap

Yen Drops on BOJ’s Dovish Tone, US Futures Decline: Markets Wrap

(Bloomberg) — The yen fell after the Bank of Japan brought an end to the world’s last negative interest-rate policy and emphasized that financial conditions will remain easy.

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The BOJ’s first hike in 17 years had been widely expected and Governor Kazuo Ueda struck a neutral tone at a news conference, saying there’s still a chance its inflation goal will not be hit. While the central bank scrapped its yield curve control program, it also pledged to keep buying…


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