The Bank of Japan reaffirmed the intention to maintain the policy of increasing the monetary base. On the background of this decision, the dollar against the yen rose to 121,20 yen per dollar with 121,13 yen per dollar at the previous closing.
MOSCOW, 30 Oct. The Japanese currency on Friday, dropping against the dollar after the Bank of Japan refrained from further easing monetary policy, according to AFP.
As at 08.21 GMT the dollar against the yen grew up to 121,20 yen per dollar with 121,13 yen per dollar at the previous closing. The dollar index (the dollar against a basket of currencies of six major U.S. trading partners) has grown on 0,05% — to 97,27 points. The Euro-dollar exchange rate rose up to 1,0985 with 1,0978 dollar dollar per Euro yesterday.
The Bank of Japan on Friday reaffirmed the intention to maintain the policy of increasing the monetary base in the range of 80 trillion yen annually. The decision was taken by majority of the members of the monetary policy Committee. Thus before the meeting of the regulator, some analysts were waiting for a possible monetary policy easing.
“The dollar against the yen reflects the fact that the views of the analysts about the possibility of increasing the incentives we parted”, — said the Agency Bloomberg currency strategist at Commonwealth Bank of Australia in Sydney Joseph Capurso (Joseph Capurso).