Yen rises first time in three days against U.S. Dollar ahead of Bernanke's comments

Source: Bloomberg
© Scanpix\Reuters

Japanese Yen jumped against the U.S. Dollar on speculation the Federal Reserve Chairman Ben Bernanke will not provide certain information about the central banks movement towards tapering stimulus. The Japan's Yen advanced 0.4% to 94.94 versus the greenback, after dropping 1.1% in the previous trading sessions. The Yen rallied 0.4% to 127.22 against the Euro.

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Wed, 19 Jun 2013 12:15:16 GMT

BoJ says that stimulus might be adjusted

BoJ governor Kuroda said that central bank's monetary stimulus might be adjusted upwards or downwards depending on economic situation. These comments counter the April's statement that the BoJ has done everything it can to fight deflation. Two month ago Japanese central bank promised to double country's monetary base within 2 years, expanding it 60-70 trillion yen per year.

Wed, 19 Jun 2013 11:53:09 GMT

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