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Yen dives as BOJ hints no rate hikes while markets are volatile
The yen fell 2.35% to 147.80 per dollar after BOJ Deputy Governor Shinichi Uchida dismissed the possibility of a near-term rate hike. This followed an unexpected rate hike by the BOJ last week. The BOJ's stance caused fluctuations in yen carry trades and the Nikkei, amid broader market volatility from weak U.S. job data.