European Session – Dollar continues to rally against yen above 112
Posted on October 31, 2014 at 2:14 pm GMTThe yen continued to be mauled, post-Bank of Japan policy announcement. It fell to a near 7-year low against the dollar, briefly entering the 112 yen handle. The diverging monetary policies between the Bank of Japan and the US Federal Reserve will likely push the dollar higher versus the yen in coming months. As the BoJ announced more policy easing measures today, the Fed on Wednesday announced its decision to end its bond buying program and is on track to [..]