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Back You are here: Home Trading Trading The Markets Currency & Options Yen Touches Four-Month Low as Kuroda Pledges to Hold Down Yields

Yen Touches Four-Month Low as Kuroda Pledges to Hold Down Yields

The yen touched a four-month low as Bank of Japan Governor Haruhiko Kuroda said he’ll do his utmost to restrict a rise in long-term yields.

The yen is set for its longest stretch of weekly losses versus the dollar since February as Japanese yields fell to the lowest in two months relative to those in the U.S. The euro reached a four-year high versus the yen before European Central Bank officials including President Mario Draghi speak today. Reserve Bank of Australia Governor Glenn Stevens said yesterday policy makers were “open minded” about intervening to weaken the Aussie, pushing it to a fifth-straight week of declines. Full story