Yen gains after BOJ's Kuroda sticks to negative rate script

London

THE yen was holding strong on Monday in the face of another volley of promises from the Bank of Japan to do everything necessary to get inflation back on the rise, including cutting interest rates further into negative territory.

All eyes will be on the first US presidential debate later, with the chances of a Donald Trump presidency, and the protectionist boost for the US dollar many analysts think it might imply, moving to the front of investors' minds.

But with expectations for a rise in US interest rates in December seen as unlikely to move swiftly higher, a number of major bank analysts believe the dollar could have peaked for now and may suffer, particular…