Yen tumbles from two-week high into BOJ decision, dollar bounces

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Reuters UK

By Kevin Buckland TOKYO (Reuters) – The yen retreated sharply from its highest point in nearly two weeks on Friday, with the Bank of Japan likely to keep its ultra-easy policy, defying pressure from aggressive tightening at peers including the Federal Reserve and Swiss National Bank. The dollar clawed its way back from a one-week low against major peers, following a two-day slide after the Federal Reserve’s mid-week rate increase that, although the biggest since 1995, didn’t exceed market expectations. The dollar index, which measures the currency against six peers including the yen, rose 0.16…

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