Yen steady around mid-146 vs. dollar ahead of BOJ policy outcome

The yen was steady around the mid-146 level against the U.S. dollar Friday morning in Tokyo, as investors awaited the outcome of the Bank of Japan's monetary policy meeting.

Market players could test the dollar's upside again, as they anticipate the BOJ will leave its ultraloose monetary policy intact when it announces the outcome of its two-day policy meeting, expected around noon.

Tokyo stocks were mixed in the morning with selling of some technology issues after industrial robot maker Fanuc Corp. revised down its earnings forecast for the year to March Thursday.

The 225-issue Nikkei Stock Average fell 97.04 points, or 0.35 percent, from Thursday to 27,248.20. The broader Topix index was up 2.60 points, or 0.14 percent, at 1,908.16.

On the top-tier Prime Market, decliners were led by precision instrument, marine transportation, and mining issues, while land transportation, transportation equipment, and insurance issues led gainers.

© Kyodo News