News: Yen soars after BOJ keeps monetary policy steady

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    TOKYO, April 28 (Reuters) - The yen soared against the dollar and euro on Thursday after the Bank of Japan announced that it will keep monetary policy steady.

    The dollar was down 2 percent at 109.22 JPY= , while the euro also shed 2 percent to 123.72 EURJPY= .

    The Bank of Japan held off on expanding monetary stimulus on Thursday, even as global headwinds, a strong yen and soft consumption threatened to derail a fragile economic recovery.

    The dollar had soared to almost 112 yen at the start of the week on speculation that the BOJ might ramp up its already extensive easing scheme.

 
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