Yen Weakens Beyond 155 Per Dollar as BOJ Starts Two-Day Meeting
- Currency falls with bond yields as traders rethink BOJ outlook
- Yen nears strike rate of large options expiring Tuesday
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The yen weakened beyond 155 per dollar for the first time in a week as the Bank of Japan kicked off a two-day policy meeting.
The Asian nation’s currency fell as much as 0.8% to 155.22 as traders weigh the risk of the BOJ adding a rate hike to an expected reduction in bond purchases. Yields on most benchmark Japanese government bonds fell Tuesday, with those on 10-year notes declining 3 basis points to 0.995%.