Yen slumps to 9-year low vs euro after BOJ maintains ultra-low rates

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SINGAPORE/LONDON: The Japanese yen fell to a nine-year low in opposition to the euro on Friday after the Financial institution of Japan left its ultra-easy financial coverage unchanged even because it scrapped a pledge to maintain rates of interest low, in response to Reuters.

The euro briefly rose to its highest stage in opposition to the yen since December 2014 at 149.50. It was final up 1 % at 148.98 yen with expectations the European Central Financial institution will hike charges once more subsequent week additionally supporting the only foreign money.

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