Yen rallies after BOJ move

Yen rallies after BOJ move

On Tuesday, the Japanese yen leapt after the BOJ reduced its purchasing of long-dated Japanese government bonds in its market operations, thus assisting to stoke speculation as for a future exit from its huge stimulus policy.

The Japanese yen tacked on 0.4% trading at 112.62 yen to the US currency, rebounding further from its two-week minimums of 113.40 per greenback hit on Monday.

The BOJ's recent operation turned to be a trigger for the Japanese yen's revenues, although market experts think there were many New Year flows considering today was the first business day for many investors.

On Tuesday, the common currency languished, having dived from the previous week's maximum as market participants were cautious after a months-long soar, while the greenback strengthened versus the Japanese yen although a lack of catalysts tamed its momentum.

The euro hit $1.1971, nearly intact in Asia having dived 0.5% on Monday, which is its largest daily sag since late October.

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