Yen heads south as BOJ keeps asset buys steady

Yen heads south as BOJ keeps asset buys steady

On Friday, the Japanese yen stayed weaker after the Bank of Japan held monetary policy intact as expected, including the tempo of asset purchases at ¥80 trillion every year.

The currency pair USD/JPY showed 11.16, soaring 0.21%, while AUD/USD hit 0.7596, soaring 0.21%. The currency pair GBP/USD went up 0.15%, being worth 1.2776.

The US dollar index, assessing the greenback’s value versus six crucial currencies, lost 0.02%, being worth 97.48.

Overnight, the greenback remained close to two-week peaks versus a basket of key currencies, underpinned by upbeat economic data, raising sentiment on the prospect of stronger American economic surge.

The British pound turned to be one of the few currencies, which shrugged of a soar in the greenback, with GBP/USD, leaping as the BoE kept rates intact, though stoked hopes of a future rate lift, disclosing that a soaring number of its members appreciated higher rates.

 

Similar

Popular

Crude edges down in Asia on Caixin PMI

On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…

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