Yen fragile near 24-year low in BOJ aftermath, dollar treads water

Published by
Reuters UK

By Kevin Buckland TOKYO (Reuters) – The Japanese yen remained under pressure on Monday, weakening toward a 24-year low after the Bank of Japan on Friday bucked the trend in a week of massive central bank tightening to renew its commitment to ultra-easy policy. The euro was steady despite French President Emmanuel Macron losing an absolute majority over the weekend. The U.S. dollar paused for breath following a volatile week that saw it retreat sharply from a two-decade high against major peers. However, it recovered half of that by the end of last week as investors continue to assess the outlo…

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