Yen gains in Asia as Bank of Japan meeting starts
News On Japan via Japan Today -- Jan 21
The yen strengthened in Asia on Monday as the Bank of Japan (BOJ) began a two-day meeting widely expected to see it launch further easing aimed at boosting the world's third-largest economy.
The dollar was initially stronger against the Japanese currency in early trade, but slipped to 89.76 yen, compared with its 90.08 yen finish in New York on Friday. The euro also lost early gains to sit at 119.56 yen from 119.96 yen in U.S. trade, while it firmed to $1.3321 from $1.3317.
The yen tends to weaken on expectations of BOJ policy measures and has fallen sharply in recent weeks.
Source: Japan Today
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