Yen Trades Higher After BoJ Meeting

The Japanese yen climbed against its major rivals today after the Bank of Japan concluded its monetary policy meeting, adjusting the policy but refraining from a major stimulus expansion.
The BoJ kept its main interest rate at -0.1% and tweaked the asset purchase program, focusing on yield curve. But investors felt that the move was underwhelming without a significant addition of monetary accommodation. Such view helped the yen to maintain its appeal and to rise to multi-week highs.
USD/JPY fell 1.1% from the open of 101.71 to 100.62 as of 15:41 GMT today after reaching the high of 102.76 intraday. EUR/JPY dropped from 113.41 to 112.18, trading near the lowest level since July 11.

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