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Yen rises on speculation of BOJ policy tweak; US dollar ebbs

From channelnewsasia.com

The yen hovered near a two-week high on Tuesday, boosted by a report that the Bank of Japan (BOJ) could further tweak a key bond yield policy tool when it announces its monetary decision later in the day. The dollar looked set to end the month largely unchanged against a basket of currencies, having lost some steam after a roughly 2.5 per cent gain in September. Yet, the greenback is being underpinned by risks of another rate hike from the Federal Reserve, analysts say, noting a still-resilient U.S. economy. The Japanese yen was last at 149.13 per dollar, after jumping to a two-week high of 148.81 in the previous ... (full story)

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  • Category: Fundamental Analysis