Yen declines after the Bank of Japan sticks to its monetary policy, Dollar rise

The yen fell on Friday after the Bank of Japan maintained its ultra-loose monetary policy, while the dollar remained near its highest level in six months on expectations that interest rates will remain high for a longer period in the United States.

The yen declines after the Bank of Japan sticks to its monetary policy, and the dollar rises

The yen fell to its lowest level in ten months in the previous session against the backdrop of rising US Treasury bond yields.

The dollar rose against a basket of currencies by 0.11 percent to 105.51, a level not far from its highest level in six months, which it recorded in the previous session at 105.74.

The euro fell 0.13 percent to $1.0649, after falling to a six-month low of $1.0617 in the previous session.

The British pound also fell 0.15 percent to $1.22765, after falling to its lowest level in nearly six months at $1.22305 yesterday, Thursday, after the Bank of England halted a long series of interest rate increases.