Fri, 08 Aug 2014 08:39:07 GMT
USD/JPY drops following Bank of Japan statement
The
Greenback slid to two-and-a-half week lows versus the Yen today,
after investors secured profits, following the U.S. Dollar latest
rally due to an array of favourable U.S. data, whereas the BoJ left the
monetary policy unaltered. USD/JPY traded at 101.73, having dropped
0.35%. The strength of the U.S. Dollar once again fueled the
speculation over the timing of the Fed's rate cut.