Members of the
The monetary easing that is in place appears to be having the intended results, the board said, as inflation expectations appear to be rising.
At the meeting, the central bank left its benchmark unchanged at 0 to 0.10% and also raised its assessment of capital expenditure.
Exports were down 2.7% on year, while imports dropped an annual 3.6%.
The yen rose to 138.33 against the euro, from an early low of 138.46 hit around
The yen climbed to 173.19 against the pound, 102.10 against the US dollar nd 113.55 against the Swiss franc, from early lows of 173.35, 102.21 and 113.6 and 94.07, respectively and held steady thereafter.
Against the Canadian dollar, the yen advanced to 93.97 from an early low of 94.07. The next possible upside target of the yen is seen at 92.10 level.
Against the NZ and Australian dollars, the yen fell to 2-day lows of 88.52 and 95.45 from early highs of 88.37 and 95.26, respectively. If the yen extends its downtrend, it is likely to find support around 89.56 versus the kiwi and versus 96.00 the aussie.
Looking ahead, Bank of
Canadian wholesale sales data for April is due to be released in the
Most Popular Stories
- National Retail Federation Reduces Sales Forecast
- Execs Help Entrepreneurs, Get Chevy Volts
- Amazon Hiring on Calif.'s Central Coast
- Pandora Tumbles in Late Trading
- Sporty Ford Fiesta Fires on All 3 Cylinders
- Prison Workers Wanted
- Zillow in Reported $2B Bid for Real Estate Rival Trulia
- Jennifer Lopez Throws Big Bash for Birthday
- Small Firms Take Out the Trash in Jersey
- Citigroup Unit Paying $5 Million to Settle SEC Charges