Yen falls to 129 per dollar as BOJ warning remains powerless

Japan-U.S. yield gap widens, promoting sell-off

20220420 yen dollar

The yen weakened past 129 against the U.S. dollar during early morning trading on April 20. (Photo by Suzu Takahashi)

RYO SAEKI, Nikkei staff writer

TOKYO -- The yen weakened past 129 against the U.S. dollar during early morning trading Wednesday as a warning from the Japanese central bank governor did little to sway the market, highlighting the challenge he faces in maintaining easy money policy.

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