US$ falls against yen after BOJ keeps rates unchanged

London

THE US dollar fell on Wednesday, retreating from a near three-week high hit against the yen the previous day, after the Bank of Japan (BOJ) kept monetary policy unchanged despite slowing inflation.

The greenback was also waning ahead of the release of US Federal Reserve minutes and the start of an earnings season that could show the negative impact of a strong currency, spreading caution about any rate hike in the world's largest economy.