- Analytics
- News and Tools
- Market News
- Asian session: The dollar pared losses against the yen
Asian session: The dollar pared losses against the yen
The U.S. dollar and euro were on track to post their biggest daily losses against the yen in more than five years on Thursday in the wake of the Bank of Japan's surprise decision not to further ease monetary policy.
The BOJ decided to hold monetary policy steady on Thursday in the face of soft global demand and a sharp rise in the yen, defying expectations for increased stimulus measures to fight deflation.
The dollar pared losses against the yen on stronger-than expected U.S. first-quarter consumer spending and core inflation, but later retraced losses.
EUR/USD: during the Asian session the pair rose to $1.1385
GBP/USD: during the Asian session the pair rose to $1.4655
USD/JPY: during the Asian session the pair fell to Y107.05
Based on Reuters materials
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
