Yen falls on rate cut talk; earnings hit U.S. stocks

Traders gather for the IPO of real estate investment trust MGM Growth Properties LLC., on the floor of the New York Stock Exchange (NYSE) in lower Manhattan in, New York, U.S., April 20, 2016. REUTERS/Brendan McDermidMoreBy Caroline Valetkevitch
NEW YORK (Reuters) – Speculation that the Bank of Japan could effectively start paying banks to borrow its cash caused the yen to tumble on Friday, while U.S. stocks dropped on disappointing earnings reports from some top companies.
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