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CURRENCIES

Yen slips to 7-year low following BOJ move

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The yen touched 112.48 per US dollar, the lowest since December 2007, before ending the month down 2.4 per cent at 112.32.

New York

THE yen tumbled to its weakest level in almost seven years after the Bank of Japan (BOJ) unexpectedly boosted monetary stimulus, underscoring the widening gulf in monetary policy with the Federal Reserve.

The Japanese currency fell versus the US dollar for a fourth month,