Yen Is Vulnerable With Japan on Holiday After BOJ Disappoints

Yen Is Vulnerable With Japan on Holiday After BOJ Disappoints The yen is vulnerable to sharp moves and further declines over the next week, with a three-day holiday in Japan set to reduce trading liquidity and investors disappointed that the central bank didn’t offer stronger guidance on the pace of future interest rate hikes. Trading will open on Monday after the currency slid as much as 1.3% versus the dollar on Friday, when two board members dissented against the Bank of Japan’s decision to raise borrowing costs. Reports later in the day that central bank officials had called market participants for a rate check — a potential prelude to making purchases to boost the currency — did no more than narrow losses. It ended the session at 156.88, down more than 2% for the week.