TOKYO, April 28 (Reuters) - The yen soared against the dollar and euro on Thursday after the Bank of Japan announced that it will keep monetary policy steady.
The dollar was down 2 percent at 109.22 JPY= , while the euro also shed 2 percent to 123.72 EURJPY= .
The Bank of Japan held off on expanding monetary stimulus on Thursday, even as global headwinds, a strong yen and soft consumption threatened to derail a fragile economic recovery.
The dollar had soared to almost 112 yen at the start of the week on speculation that the BOJ might ramp up its already extensive easing scheme.
- Forums
- Forex
- News: Yen soars after BOJ keeps monetary policy steady
News: Yen soars after BOJ keeps monetary policy steady
Featured News
Featured News
The Watchlist
BGD
BARTON GOLD HOLDINGS LIMITED
Alex Scanlon, Managing Director & CEO
Alex Scanlon
Managing Director & CEO
SPONSORED BY The Market Online