Dollar slips against yen ahead of BOJ meeting

GMT 21:53 2014 Wednesday ,11 June

Arab Today, arab today Dollar slips against yen ahead of BOJ meeting

Dollar slips against yen
New York - XINHUA

The U.S. dollar retreated against most major currencies Wednesday and it slipped against the yen on expectation that the Bank of Japan (BOJ) will refrain from expanding monetary stimulus.
The Japanese yen rose broadly versus its peers as the BOJ showed few signs of taking more monetary easing measures at its Thursday policy meeting.
With no major economic data from the United States due out on the day, the greenback weakened as investors' expectation for the Federal Reserve's rate hike lowered.
The dollar strengthened in previous sessions after U.S. job data for May came out positive. The Labor Department reported last week U.S. total nonfarm payroll employment added 217,000 in May and that the unemployment rate unchanged at 6.3 percent, both above market forecast.
In late New York trading, the euro fell to 1.3528 dollars from 1.3544 dollars of the previous session, and the British pound increased to 1.6793 dollars from 1.6755 dollars. The Australian dollar climbed to 0.9384 dollars from 0.9370 dollars.
The dollar bought 102.03 Japanese yen, lower than 102.36 yen of the previous session. The dollar went up to 0.9001 Swiss francs from 0.8993 Swiss francs, and it moved down to 1.0868 Canadian dollars from 1.0907 Canadian dollars.

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