You are here


Yen bounces back after BOJ status quo on QE

The US dollar fell 1.1 per cent to 117.545 yen, moving back towards a one-month trough of 115.85 set recently.


THE yen surged by more than one per cent against the dollar on Wednesday after the Bank of Japan (BOJ) left its stimulus programme unchanged, as speculators who had anticipated more easing unwound bets on a weaker currency.

The BOJ held off from expanding its massive bond-