Yesterday, the big winner among the G10 currencies was JPY, which came under buying interest during the Asian session Wednesday following the release of the Summary of Opinions for last week’s BoJ gathering. The main loser was the Kiwi. It came under selling interest after the RBNZ pushed further back the timing of when its expects interest rates to start rising.
YEN GAINS AFTER BOJ SUMMARY OF OPINIONS
The dollar traded mixed against the other G10 currencies on Wednesday. It gained against NZD, SEK, GBP and NOK in that order, while it lost ground versus JPY, CAD and AUD. The greenback ended the day virtually unchanged against EUR and CHF.
The winner of the day was the Japanese yen, which came under buying interest during the Asian session Wednesday following the release of the Summary of Opinions for last week’s BoJ gathering. The Summary revealed that a couple of members wanted to allow long-term yields to fluctuate within double the ±0.1% range, while one member suggested that the Bank should allow yields to...
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