(MENAFN– ecpulse)
Japanese yen witnessed noticeable against versus the US dollar and other major currencies, before the Bank of Japan’s board meeting scheduled to end tomorrow, with eyes on updates concerning the nation’s economic situation.
Recent series of declines for the Japanese yen versus dollar is easing, reflecting tension in markets amid worries of early stimulus exit especially from the Fed.
USD/JPY pair fell to its lowest in six weeks recording its lowest at 97.08 after starting today’s session at 97.33, while the EUR/JPY pair also declined to its lowest in four weeks at 129.67 to trade now near 129.18.5
Australian dollar gained today following yesterday’s rate cut by the RBA to 2.5%, where the AUD/USD pair trading near 0.8967 after hitting its highest in a week yesterday at 0.9004.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.