Asia stocks scale 4-month peak, yen falls as BOJ maintains policy

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Asian shares rose to a four-month high on Friday as U.S. economic data stoked expectations that the Federal Reserve is near the end of its rate-hike campaign, while the yen fell after the Bank of Japan maintained its ultra-easy monetary policy.

was 0.75% higher and on course for 2.8% gain in the week, its best weekly performance since January.

The BOJ rounded up a central bank heavy week, keeping its pledge to "patiently" sustain massive stimulus to ensure Japan sustainably achieves its 2% inflation target accompanied by wage hikes.its -0.1% short-term interest rate target and a 0% cap on the 10-year bond yield set under its yield curve control policy.

"Comments around FX from Ueda will be key to watch at the press conference given the recent pressure on yen, but my sense is that BOJ will look at that as temporary and is unlikely to react," said Charu Chanana, market strategist at Saxo Markets. turned positive after the BOJ decision, recouping early losses, was last up 0.45%, set 10th straight week of gains.

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