The yen dropped against the dollar on Friday after Reuters reported the Bank of Japan (BoJ) is leaning toward keeping its key yield control policy unchanged next week, ahead of a busy week of central bank meetings that includes the U.S. and Europe.
BoJ policymakers prefer to scrutinize more data to ensure wages and inflation keep rising before changing the policy, five sources familiar with the matter said. The report added there was no consensus within the central bank and the decision could still be a close call.
Read More : Yen Weakens, Dollar Strengthens as Bank of Japan Set to Keep Loose Policy