Yen Erases Drop After BOJ Refrains From Easing Policy

Posted by Forexsq 1324 days ago (
img - The yen erased declines after the Bank of Japan refrained from easing monetary policy and Asian stocks dropped, boosting demand for safer assets.

The Dollar Index dropped for a third day after Federal Reserve Chairman Ben S. Bernanke said the U.S. is far from a complete recovery, spurring speculation the Fed will increase stimulus. The Australian and New Zealand dollars pared gains after data showed China’s import growth slowed. The euro was within 0.1 percent of a three-month low against the pound before France and Italy auction debt this week. forex

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