The Japanese yen ascended on Wednesday following the Bank of Japan’s minutes of its board meeting showed the central bank saw no necessity to further easing.
The minutes added inflation in the country won’t reach a sustained 2% pace in 2015, and any pickup in prices could take substantial time.
The yen closed at ¥122.99 per US dollar.
BOJ Deputy Governor Kikuo Iwata is set to meet business leaders in Sapporo City and hold a press conference today.
The material has been provided by InstaForex Company – www.instaforex.com