The Japanese yen held near an over seven-month peak on Monday, as traders, in the lead up to the Bank of Japan's monetary policy decision this week, ramped up bets that the central bank could make further tweaks to its yield control policy.
The yen was last 0.1% lower at 128.01 per dollar, having surged to 127.46 per dollar on Friday, its highest since May last year.
Markets have been pressing for the BOJ to shift away from its ultra-easy monetary policy, which on Friday caused the yield onWith the BOJ due to announce its monetary policy decision on Wednesday, expectations are for further tweaks to its yield control policy or a full abandonment of it. "I think the whole world will be focused on Wednesday ... and probably the week in G10 will be defined by what happens to the yen and yen crosses, out of that," said Ray Attrill, head of FX strategy at National Australia Bank .
"I don't think has the luxury of time to say that they're going to assess and wait until Q2 or Kuroda to see out his term without making any further changes."The BOJ's yield curve control policy has been a huge factor behind the yen's 12% slump last year, and since the central bank's shock decision last December to widen the band around its yield target, the yen has jumped more than 6%.
Elsewhere, the U.S. dollar struggled to recover from its decline after last week's selloff on data showing thatThe euro edged 0.04% higher against the greenback to $1.0838, not far from Friday's nine-month high of $1.0868.Better-than-expected economic data out of
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
BoJ preparing to purchase more Japanese government bonds on MondayThe Bank of Japan again broke its daily record for Japanese government bond purchases Friday as yields defied its 0.5% cap, in a sign of the rising ma
Leer más »
Asian shares cautious, BOJ faces crunch policy decisionInvestors waited nervously to see if the Bank of Japan will defend its super-sized stimulus policy at a pivotal meeting this week.
Leer más »
Suzume: Yen Press to Publish Novel of Latest Mokoto Shinkai MovieYenPress will publish the prose novel adaptation of Suzume, the most recent anime feature film from the renowned anime creator, MakotoShinkai, in July 2023.
Leer más »
Russian ex-President Medvedev says Japanese PM should disembowel himselfFormer Russian President Dmitry Medvedev accused Japanese Prime Minister Fumio Kishida on Saturday of shameful subservience to the United States and suggested he should ritually disembowel himself.
Leer más »
Oakland A's ink $3.25M deal with Japanese pitcher Shintaro FujinamiThe Oakland Athletics signed Japanese right-hander Shintaro Fujinami to a $3.25 million, one-year contract Friday, a deal that allows him to earn an additional $1 million in performance bonuses for starts.
Leer más »
Medvedev says Japanese PM should disembowel himselfFormer Russian President Dmitry Medvedev accused Japanese Prime Minister Fumio Kishida on Saturday of shameful subservience to the United States and suggested he should ritually disembowel himself.
Leer más »