Dollar ends up vs yen, as super easy BOJ policy seems here for a while

Published by
Reuters UK

By Alden Bentley and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Profit taking dampened a dollar surge against the yen on Friday, but the buck ended higher and still logged the biggest weekly gain since early December, as the Japanese currency remained on the defensive after the Bank of Japan governor repeated that the central bank will maintain its ultra-loose monetary policy. Dollar/yen in early trade looked on track for its best day since Dec. 5 after BOJ Governor Haruhiko Kuroda, addressing the World Economic Forum in Davos, Switzerland, on Friday, said the central bank will continue its…

Read More

Leave a Reply