Yen drops to fresh 34-year low as BOJ keeps key rate unchanged 

The yen hit its lowest point in over 30 years against the US dollar following the decision by the Bank of Japan to maintain interest rates on Friday. This move has left markets tense about potential intervention, particularly if strong US inflation data leads to a rise in the dollar. During the Asian afternoon, the yen was down by 0.3% at 156.21 per dollar, marking its weakest performance since 1990.The yen also slid to its weakest in almost 16 years at 167.5 per euro and its weakest in nearly a decade on the Australian dollar.