Yen slides 1.9% from 2-week high after BOJ sticks to stimulus

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Reuters UK

By Kevin Buckland TOKYO (Reuters) – The yen retreated sharply from its highest point in nearly two weeks on Friday, after the Bank of Japan kept its ultra-easy policy unchanged, defying pressure from aggressive tightening at peers including the Federal Reserve and Swiss National Bank. The dollar, meanwhile, clawed its way back from a one-week low against major peers, following a two-day slide after the Federal Reserve’s mid-week rate increase that, although the biggest since 1995, didn’t exceed market expectations. The dollar index, which measures the currency against six peers including the y…

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