ForexSQ , Currency Trading , Online Forex Trading , Foreign Exchange , Day Trading , Forex News , Forex Trader , Forex Tutorial , Learn Free Forex

Yen falls after dovish central bank remarks

Posted by Forexsq 94 days ago (http://www.marketwatch.com)
img Forexsq.com - The Japanese yen lost further ground Friday on the back of dovish comments from the central bank government, as the dollar edged higher and the euro slipped.

The U.S. dollar extended its move higher against the yen USDJPY +0.13% , passing the ¥79 level to buy ¥79.43, up from ¥78.85 in late North American trading on Thursday.

The euro EURJPY +0.26% bought ¥103.71, a 0.1% gain for the day, according to FactSet data.

The softer yen came after Bank of Japan Gov. Masaaki Shirakawa said Friday that the central bank would keep monetary policy loose, according to reports.

Who Voted for this Story