Yen stands still after BOJ leaves policy intact

Yen stands still after BOJ leaves policy intact

On Tuesday, the Japanese yen stood still after the BOJ held policy intact and told that its asset purchase program is still intact.

The currency pair USD/JPY hit 110.91, staying intact, while AUD/USD reached 0.7993, sliding 0.29%.

The Bank of Japan didn’t change its monetary policy. The country’s key financial institutions reaffirmed its Y80 trillion in annual asset buying as well as its yield curve strategy.

Estimating the US currency’s strength versus a basket of six crucial currencies, the US dollar index stood still, sticking to 90.15.

Overnight, the evergreen buck regained some of its losses versus a basket of key currencies amid reports telling that the government obtained enough support in the Senate to finally cope with the government shutdown.

Other currencies were still firm versus the US currency, taming its rebound from minimums because the British pound kept rising.

The common currency rebounded from peaks ahead of the ECB gathering on Thursday.


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