The U.S. dollar and euro were on track to post their biggest daily losses against the yen in more than five years on Thursday in the wake of the Bank of Japan’s surprise decision not to further ease monetary policy.
The BOJ decided to hold monetary policy steady on Thursday in the face of soft global demand and a sharp rise in the yen, defying expectations for increased stimulus measures to fight deflation.
The dollar pared losses against the yen on stronger-than expected U.S. first-quarter consumer spending and core inflation, but later retraced losses.
EUR/USD: during the Asian session the pair rose to $1.1385
GBP/USD: during the Asian session the pair rose to $1.4655
USD/JPY: during the Asian session the pair fell to Y107.05
Based on Reuters materials
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