The Japanese yen accelerated versus its major counterparts on Wednesday as Bank of Japan Governor Haruhiko Kuroda said he is expecting inflation to reach the central bank’s 2% target in 2016.
Also, the Japanese central bank head dismissed the likelihood of additional quantitative easing.
The currency stood at ¥135.10 per euro from Tuesday’s ¥135.61, ¥123.61 per US dollar from ¥123.87, ¥192.29 per British pound from ¥192.65, and ¥128.97 per Swiss franc from ¥129.33.
Meanwhile, the Ministry of Economy, Trade and Industry reported the country’s all industry activity index slid 0.5% in May from 0.1% in April.
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