Yen Likely to Remain Weak After BOJ Holds Rates, Strategists Say

The yen is unlikely to stanch its recent weakness after the Bank of Japan held rates as expected, according to strategists.

The currency extended losses, falling as much as 0.2% to 158.74 to the dollar, after the BOJ kept its at the highest level in three decades. The central bank is monitoring the impact of last month’s hike on the economy.

Here’s what strategists are saying:

Hiromi Ishihara , head of equity investment at Amundi Japan Ltd.:

Yujiro Goto , Nomura Securities FX strategist

Eugenia Fabon Victorino , head of Asia strategy at SEB:

Naomi Muguruma , chief bond strategist at Mitsubishi UFJ Morgan Stanley Securities:

Shogo Karitani , a strategist at Minato Bank: