Asian Session – Yen lifted after Bank of Japan leaves policy unchanged
Posted on May 21, 2014 at 6:12 am GMTThe Bank of Japan left monetary policy unchanged as expected, after concluding a two-day policy meeting today. It said it expects a moderate economic recovery to continue. This helped lend support to the yen and held the dollar near a 3-1/2-month low. Focus will be on BoJ Governor Kuroda’s speech later in the day. The BoJ said it will continue with its current stimulus program and will buy about 7 trillion yen of sovereign debt a month. Few market participants [..]