On Wednesday the JPY went lower versus the greenback following the Bank of Japan's signal that they are not near to exit crisis-era stimulus yet, while the USD climbed to more than a year high versus its fundamental competitors on continued strength in the U.S. economy.
The Bank of Japan held its monetary policy even on Wednesday and decreased its price projections, strengthening market expectations that subdued inflation will force it to keep its huge incentive plan for the time being.
In a generally anticipated move, the BOJ kept its short-term interest rate mark at minus 0.1% and a promise to lead 10-year government bond yields around 0%.
Was a Rough October for Asia
Daily Analysis - 31/10/2018