TOKYO -- The yen weakened to around 135.80 against the dollar on Friday afternoon, after the Bank of Japan announced that it will maintain its long-standing accommodative monetary policy for the time being. The Japanese currency fell 2 yen from 133.80 yen before the announcement.
The decision was widely anticipated, but the central bank's announcement that it will conduct a thorough review of its policy triggered yen selling. Investors interpreted that to mean the bank will not change tack anytime soon.
