The Japanese Yen (JPY) the Yen was under pressure as crosses rallied and USD/JPY moved higher after the Bank of Japan announced a new loan program for banks and the BOJ held rates at 0.1%. The ongoing support for deflation hit Japanese economy is seen as continuing for the foreseeable future. Overall the USD/JPY traded with a low of 80.09 and a high of 80.65 before closing the day around 80.45 in the New York session.
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