SINGAPORE, Jan 23 Reuters The yen fell broadly on Tuesday after the Bank of Japan BOJ maintained its ultraeasy monetary settings at the conclusion of its twoday policy meeting, matching market expectations.

The Japanese currency slid roughly 0.3 in the wake of the BOJ39;s decision to leave unchanged its shortterm rate target at 0.1 and that for the 10year bond yield around 0, though it later pared some of those losses.

It was last higher on the day, up 0.1 to 147.92 per dollar.

In a quarterly report on the outlook, the BOJ cut its core consumer inflation forecast for the fiscal year beginning in April to 2.4 from 2.8 projected in October. It slightly revised up its forecast for fiscal 2025 to 1.8 from 1.7.

Against the euro, the yen edged 0.08 lower to 161.32. Sterling rose 0.2 to 188.28 yen , not far from a high of 188.91 yen hit on Friday, its strongest level since August 2015.

With the confirmation of the continuation of monetary easing, dollaryen may test 150, said Hirofumi Suzuki, chief FX strategist at SMBC in Tokyo, citing the stark interest rate differentials between Japan and the United States.

In the near term, we should pay close attention to Ueda39;s stance at his press conference on monetary policy revisions in the early spring, he said, referring to BOJ Governor Kazuo Ueda, who was due to speak at 0630 GMT.

Expectations that the BOJ could phase out its negative interest rate policy this month had been quashed in the wake of the country39;s…