Japanes yen continued rising to highest in two weeks against the U.S. dollar, as it rebounded after the Bank of Japan’s decision to hold monetary stimulus for a year with doubling inflation target to 2%.
The yen compensates BoJ decisions yesterday to take the upward corrective trend after the previous technical pressure.
The USD/JPY pair recorded its lowest at 88.24, while EUR/JPY pair fell to its lowest at 117.46, where the yen continued its series of gains against other major currencies.
Meanwhile, the EUR/USD pair now trades at 1.3310, as European currencies are relatively stable throughout the Asian session for today.
The Australian dollar fell against its U.S. counterpart after consumer prices data came in less-than-estimated in the fourth quarter of 2012, adversly affecting demand on the Aussie. The AUD/USD recorded a low at 1.0526.