Forex - Yen Weakens to Four-Month Low on BOJ Stimulus Bets

Posted by Forexsq 1043 days ago (
img forexsq - The yen dropped to its weakest level in four months against the dollar as investors speculated that the Bank of Japan (8301) will expand monetary stimulus next week.

New Zealand’s dollar rose to a two-week-month high after the central bank left interest rates unchanged and said market sentiment has improved. The euro rose versus the greenback for the first time in three days as Handelsblatt reported that Greece will get a loan of up to 20 billion euros ($26 billion) to supplement its second rescue. The dollar declined against all but one of its 16 major peers after the Federal Reserve said it plans to continue buying bonds to support the economy. forex

Who Voted for this Story


Follow ForexSQ on Social Networks