Yen Declines Versus Dollar After BOJ Shifts Policy Framework

September 21, 2016 5:09 AM

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The yen fell the most against the dollar this month after the Bank of Japan took additional policy measures, introducing yield-curve controls.

The Japanese currency fell 1 percent to 102.73 versus the greenback as of 6:06 a.m. in London, after BOJ Governor Haruhiko Kuroda and his board shifted the focus of monetary stimulus away from a pre-set target for expanding the supply of money, to controlling the shape of yields across different mat...

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