The Japanese yen jumped 0.8% to record a session high of 131.36 against the dollar in Asian transactions.
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The yen jumps and the dollar stabilizes
The yen received support today, Thursday, from expectations that the Bank of Japan will review the implications of its easy monetary policy, while the dollar held close to its lowest level in seven months against the euro, ahead of the announcement of US inflation data today.
The Japanese yen rose 0.8% to its highest level in the session at 131.36 against the dollar in Asian transactions.
This came after a report by Yomiuri newspaper that stated that the Bank of Japan will review the implications of its loose monetary policy at the monetary policy meeting next week, and may take additional steps to correct any imbalance in the yield curve.
And the yen recorded in the latest trading 131.70 against the dollar.
The dollar index increased 0.1% to 103.25, not far from its seven-month low of 102.93 reached this week.
The British pound fell 0.1% to $1.2140, and the euro fell 0.1% to $1.0747, after reaching a seven-month high of 1.07765 in the previous session.
The Australian dollar fell 0.2% to $0.6893. The New Zealand dollar fell 0.3% to $0.6344.
The Chinese yuan traded in offshore transactions at 6.7589 against the dollar, after reaching a five-month high of 6.7545 against the dollar earlier in the session.
As for digital currencies, Bitcoin rose for the fifth day in a row, and it recorded its highest level in a month at $18,370.
