Japanese Yen Rose

The Japanese yen strengthened. The USD/JPY pair lost 0.43% and traded at 113.15. At a meeting on monetary policy, the Bank of Japan decided to maintain a negative interest rate of -0.1%. Also, the Bank will buy Japanese government bonds (JGB), so that their yield for 10 years remained at around zero.

The US dollar is trading lower compared to most major currencies after a huge increase was registered last week. The political uncertainty associated with the FBI investigation into Russian collusion in the presidential election, as well as the expectations of the new chairman of the US Federal Reserve, put downward pressure on the currency.