BOJ and Fed double up on yen, sending it to a five-month low

Currency falls past 157 per dollar on Gov. Ueda's cautious stance

20241219 yen panel

Before the BOJ's announcement, market watchers were divided over whether the central bank would hike its policy rate in December or January. (Photo by Yutaka Miyaguchi)

AKANE OKUTSU, Nikkei staff writer

TOKYO -- The Japanese yen weakened on Thursday after the Bank of Japan said at the end of a two-day policy meeting that it would hold interest rates steady at 0.25%.

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