Yen rises on speculation of BOJ policy tweak; dollar ebbs
© Reuters. FILE PHOTO: Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
The Japanese yen was last at 149.13 per dollar, after jumping to a two-week high of 148.81 in the previous session following areport that the BOJ could potentially allow 10-year Japanese government bond yields to rise above 1% at a keenly-awaited policy decision later on Tuesday. Against the euro, the yen last stood at 158.24, having similarly risen to an over one-week high of 157.70 per euro on Monday. The Australian dollar last bought 94.50 yen.
"Israel's forces have begun their invasion of the Gaza strip in a restrained way - more slowly and deliberately than the fast-paced campaign designed to bring victory quickly," said Thierry Wizman, Macquarie's global FX and interest rates strategist.The euro looked set to reverse two straight months of losses with a slight 0.4% gain for October, with the single currency last steady at $1.0611.
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