Yen goes down

Yen goes down

On Thursday, the Japanese yen held weaker in Asia after the BOJ held steady just as expected and the White House hinted it won’t move to break up with the North American Free Trade Agreement as earlier reported, thus sending the Canadian and Mexican currencies up.

Donald Trump agreed to stay away from terminating the NAFTA treaty in phone calls with the leaders of Canada and Mexico.

The currency pair USD/MXN edged down 1.15% to 18.9589, while USD/CAD hit 1.3533, sliding 0.63%.

The Bank of Japan increased its real GDP prediction for the 2017-18 fiscal years from 1.5% to 1.6%, while holding its target yield for the benchmark 10-year government bond at about 0% as well as ¥80 trillion annual pace of expansion of the bank’s monetary base.

Aside from that, market participants are waiting for the European Central Bank's rate verdict.

The currency pair USD/JPY hit 111.14, rising 0.10%, while AUD/USD reached 0.7487, soaring 0.19%. As for the currency pair EUR/USD, it ascended 0.06%, being worth 1.0911.

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