Yen Slides to 15-year Low Versus Euro on BOJ’s Policy Tweak, Eurozone Data

U.S. dollar, euro, and Ukrainian hryvnia banknotes are seen in this picture illustration taken in Kyiv, Ukraine, on Oct. 31, 2016. Valentyn Ogirenko/Reuters

LONDON/SINGAPORE—The yen weakened to a fresh 15-year low against the euro on Tuesday after a small step by the Bank of Japan (BOJ) towards ending years of monetary stimulus failed to appease some investors who had expected a bigger move, while eurozone economic growth and inflation moved lower.

At the conclusion of its two-day policy meeting, the BOJ said that it would keep the 10-year government bond yield around 0 percent set under its yield curve control (YCC), but re-defined 1.0 percent as a loose “upper bound” rather than a rigid cap.