Takatoshi Ito

Yen weaker on BOJ easing talk, BOE's 'Super Thursday' in focus

yen

LONDON (May 12): The yen fell on Thursday as investors sold the currency amid speculation that the Bank of Japan could decide to expand its monetary stimulus as soon as next month.

Talk of more action gathered pace after prominent Japanese academic Takatoshi Ito said the BOJ is likely to expand monetary stimulus either in June or July. Ito is said to have close ties to Governor Haruhiko Kuroda.

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