TOKYO -- The yen weakened against the U.S. dollar on Tuesday morning during New York trading hours to 151 after the Bank of Japan announced that it will tweak its yield curve control (YCC) framework, setting 1.0% as a new reference point for 10-year Japanese government bond yields.
Currencies
Yen weakens past 151 against dollar after BOJ tweaks policy
Revelation that Japan didn't intervene in October spurs yen-selling
The BOJ's policy decision was viewed by market participants as a change to its long-standing ultraloose monetary policy, but it did not trigger yen buying © Reuters
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