The yen remains weak and trading near multidecade lows against the dollar as the Bank of Japan balks at implementing a decisive about-face on its ultraeasy monetary policy.
¡°If there are no major changes in monetary policy, the yen will continue to weaken,¡± said Hirofumi Suzuki, chief foreign exchange strategist at Sumitomo Mitsui Banking.
The country¡¯s central bank has been making moves to end free money in Japan and signaling its intention to take interest rates higher.
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