Reported 19 days ago
The Japanese yen regained some ground as the Bank of Japan (BOJ) expressed cautious optimism about growth while holding its overnight rate steady. Meanwhile, the U.S. dollar faced downward pressure from expectations of accelerated rate cuts by the Federal Reserve. Speculators had recently profited on long yen positions, with the euro rising significantly against both the yen and the dollar. Inflation data indicated moderate price increases, impacting monetary policy outlooks for both Japan and the U.S.
Source: YAHOO