Yen continues to weaken

The Japanese yen fell to 158 against the dollar. The yen weakened to 158.43 against the dollar, hitting its lowest level in 34 years. On Friday, the Bank of Japan (BOJ) kept interest rates steady at the end of its monetary policy meeting and said it would continue to buy bonds in line with its March decision. BOJ Governor Kazuo Ueda said later in the day that movements in the yen could be a reason to adjust policy if they affect Japan’s economy. Japan stock exchanges are closed on Monday for a public holiday.