Yen Falls in Volatile Trading as BOJ's Uchida Shifts Rates View.

The yen experienced volatility in trading after Bank of Japan Deputy Governor Shinichi Uchida stated that the benchmark interest rate would not be raised if financial markets were unstable. This caused the yen to weaken against the dollar by more than 2%. However, Uchida later mentioned that financial conditions remained accommodative, leading to the yen recovering some of its losses. Uchida emphasized the need for the central bank to maintain easy monetary policy due to recent market volatility. Foreign investors are closely monitoring the BOJ's actions, and Uchida's comments could potentially result in further yen weakness and dollar strength. [Extracted from the article]