Yen eases as traders digest BOJ surprise policy tweak - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

In a surprise move, the BOJ on Tuesday decided to let long-term yields move 50 basis points either side of its 0% target, wider than the 25 basis point band previously, even as the central bank kept broad policy setting unchanged.

The currency market is still digesting BOJ’s policy tweak, said Carol Kong, a currency strategist at the Commonwealth Bank of Australia. The move from the BOJ comes as investors fret about a slowing world economy, sky-high inflation and other central banks’ moves to hike interest rates.

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