The yen slid on Thursday as the Bank of Japan (BOJ) lowered growth forecasts in light of U.S. tariffs and left rates on hold, while investors watched for signs of the trade war cooling and awaited U.S.

World stocks were groggy on Thursday after a contraction in the U.S. economy, although Wall Street was pointing higher and the dollar sprang up as a Bank of Japan growth forecast cut blamed on U.S. trade tariffs yanked the yen lower.