Mumbai, Sept. 19 -- The Japanese yen climbed past 147.7 per dollar on Friday, snapping a two-day slide after the Bank of Japan held rates steady at 0.5% for a fifth straight meeting. In a symbolic shift away from Abenomics-era policies, the BOJ said it would begin unwinding its unconventional holdings, selling about Euro330bn of ETFs and Euro5bn of J-REITs annually, with flexibility to adjust. Policymakers stressed the economy is "recovering moderately" but flagged risks from global trade tensions. With core inflation easing to 2.7% in August, its lowest since November 2024, markets now eye October for a potential rate hike as the BOJ carefully balances stability with tightening.

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