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.