Yen dips after BOJ holds steady

Yen dips after BOJ holds steady

On Thursday, the Japanese yen declined, with the Bank of Japan keeping silence as for when inflation could provoke easing aggressive monetary policy.

The US dollar index that tracks the evergreen buck’s value versus a basket of six key currencies rallied 0.07% trading at 94.71. 

The currency pair USD/JPY showed an outcome of 11.07, sliding 0.12%. Simultaneously, AUD/USD demonstrated 0.7937, declining 0.20%.

On Thursday, the Bank of Japan didn’t change its monetary policy.

The BOJ’s monetary policy statement as well as interest rate verdict was supposed to provide comment on the pace of asset purchasing at ¥80 trillion annually and probably hint of tapering.

Japan’s trade balance for June demonstrated a surplus of ¥440 billion, thus missing an expected profit of ¥485 billion.

Overnight, the greenback soared against crucial counterparts, buoyed by positive housing data pointing to a turnaround in the sluggish tempo of American home building.

Similar

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera