© Reuters. Yen flat in Asia
Investing.com – The yen was flat after the central bank held policy steady and said its asset purchase program remains unchanged.
changed hands at 110.91, flat, while traded at 0.7993, down 0.29%.
The held monetary policy stable, reaffirming its Y80 trillion in annual asset purchases and its yield curve strategy.
Investors noted a market operation earlier this year that was seen as a potential signal of a slower pace of asset purchases, but the central bank commented that was not the case. Governor Haruhiko Kuroda will hold a press confernece later in the day to elaborate on the central bank’s views.
The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last quoted flat at 90.15.
Overnight, the dollar recovered some of its losses against a basket of major currencies amid reports suggesting that the government secured enough support in the Senate to end the government shutdown.
Other currencies, however, remained firm against the greenback, curbing its rebound from lows as sterling continued its trend higher.
The euro eased from highs ahead of the European Central Bank meeting Thursday. Investor expectations for shift in the central bank’s forward guidance to a more hawkish stance has eased in recent weeks.
Action Economics said it doesn’t expect major changes to the guidance as ECB president Mario Draghi is unlikely to commit to an end date for quantitative easing.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Latest posts by investing.com (see all)
- Euro, sterling shaky as markets eye Italy budget, Brexit developments - October 22, 2018
- Forex – Weekly Outlook: October 22 – 26 - October 21, 2018
- FX options flag uncertainty before U.S. midterm election; bonds complacent - October 21, 2018