Yen slips, Nikkei gains as BOJ stands pat

Banknotes of Japanese yen are seen in this illustration picture taken June 15, 2022. REUTERS/Florence Lo/Illustration

SINGAPORE: The yen dipped and the Nikkei rose in relief on Tuesday after the Bank of Japan (BOJ) left its ultra-easy policy and outlook unchanged, while broader rallies for stocks and bonds in anticipation of U.S. rate cuts started to run out of puff.

The yen weakened about 80 pips to 143.41 per dollar following the decision, which was in line with economists' forecasts. Technology shares led the Nikkei 1% higher. Japanese government bonds rallied a little.