Was a Rough October for Asia

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%.

On Tuesday U.S. stocks closed higher while markets decreased some of the October's harsh damages before the end of the month.

The Nasdaq Composite climbed about 1.5% and closed at about 7,161.64. That index rose because of a 5.0% increase in the popular company Intel, Amazon dropped 0.5% through the session.

The S&P 500 recovered more than 1.5% to close at 2,682.60 while energy, communications, and materials stocks led the index out of the correction area. Stocks of Charter Communications, DISH Network, and Twitter all grew more than 4% each.

The Dow Jones Industrial Average rose by 431.70 points to close at about 24,874.60.