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Talk of fresh BOJ easing sends yen down

Market seizes on Abe adviser's suggestion that the central bank's Oct 30 meeting is a good opportunity for another round of easing

Published Sat, Sep 12, 2015 · 12:00 AM

yen

Tokyo

THE yen fell against the dollar and other currencies on Friday, as highly nervous currency markets seized on the comment by an adviser to Japanese Prime Minister Shinzo Abe - that the Bank of Japan (BOJ) might launch further monetary easing next month - sparking a selling of the currency.

It slid beneath 121 to the dollar at one point in Tokyo trading after Kozo Yamamoto suggested in an interview with Bloomberg Television that the BOJ Policy Board's meeting on Oct 30 would be a "good opportunity" for the central bank to do another round of monetary easing.