Yen steadies after plunge on calls for BOJ easing

The yen steadied in early Asian trading on Friday after plunging to a six-and-a-half month low against the dollar in the previous session on expectations a new Japanese government would put pressure on the Bank of Japan to ease further.

Shinzo Abe, leader of the main opposition Liberal Democratic Party and likely to be Japan’s next leader, called on Thursday for the country’s central bank to adopt interest rates of zero or below zero to spur lending.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1083692/yen-steadies-after-plunge-calls-boj-easing