Japanese yen continue it’s inclined against American dollar to be near its highest levels in two weeks, where the current rebound in yen came after the Bank of Japan’s decision to hold monetary stimulus for a year with doubling inflation target to 2%.
Japanese yen compensate the BOJ’s decisions yesterday to take the upward corrective trend after the previous technical pressure.
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.
EUR/USD pair currently traded near 1.3310, where European currencies showed relatively stable moves during today’s Asian session.
Australian dollar fell against its American counterpart after consumer prices data in Australia that showed less-than-estimated reading during the fourth quarter of last year which negatively affected on Aussie’s demand. AUD/USD pair recorded low at 1.0526.