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Dollar dips vs. yen after BOJ’s Kuroda disappoints easing bets

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The dollar slipped against the yen on Monday, after the head of the Bank of Japan disappointed those investors who had expected a clear signal that monetary policy would be eased further this month.

The greenback hit a five-week high on Friday as markets bet that the U.S. Federal Reserve was still likely to raise interest rates in the coming months, despite disappointing U.S. jobs numbers.

Though Kuroda signalled his readiness to further expand an already massive stimulus programme, he did not provide the explicit hints that some had been waiting for on the chances of the BOJ aggressively easing policy at its next review on Sept. 20-21, traders said.

Paul

The author Paul