The Japanese yen rebounded against the U.S. dollar on Wednesday after the Bank of Japan (BoJ) delayed expanding its monetary easing plan.
The BOJ maintained its stimulus program and kept it base money at an annual pace of ¥80 trillion with reference to raising it in the coming period. The bank decided to cut its forecast for inflation for the fiscal year starting April to 1%, compared with previous expectations of 1.7%.
On the other hand, the euro has been boosted amid expectations that the ECB will launch a government bond-buying program at its meeting on Thursday.
USD/JPY pair rose by 0.94% around 117.71 at 09:50 GMT.