The Japanese yen has moderately increased vs the US dollar and the euro during the Asian session today. The upturn was driven by the results of the recent meeting of the Bank of Japan. At the same time, the US dollar to the euro is steady.
By Tuesday morning EUR-USD rate reached $1.2264 ($1.2262 a day before).
The US dollar vs yen dropped to 110.79 (110.92) and the euro – to 135.89 (136.01).
According to the reports, the Bank of Japan has left stimulus programmes unchanged, but become more optimistic about the inflation outlook compared to their position three months ago.
Besides, traders estimate the news from the USA. For reference, US President Donald Trump signed the bill approved by the Congress for extension of the government funding till February 8. This means that the US government backs to the office.
However, the parties (Republicans and Democrats) are said to fail to agree on certain financial issues, including immigration, military, and social expenditures, so the government can be cleared out again on February 8.