The
yen held a gain versus the dollar from yesterday amid speculation the
Bank of Japan will refrain from expanding stimulus at a policy meeting
this week.
A
gauge of expected price swings in the pair remained near a record low
before BOJ Governor Haruhiko Kuroda speaks at a press conference
following the central bank decision on June 13. The Australian dollar
traded 0.1 percent from a three-week high before a private report on
consumer confidence today. The kiwi currency held gains against most of
its 16 major peers amid speculation the Reserve Bank of New Zealand will
raise interest rates at a third straight meeting tomorrow.
Japan��s
currency was little changed at 102.31 per dollar as of 8:02 a.m. in
Tokyo from yesterday, when it gained 0.2 percent. It fetched 138.59 per
euro from 138.66, after advancing 0.9 percent over the past three
sessions. The 18-nation currency was unchanged at $1.3547, after
dropping to $1.3503 on June 5, the lowest since Feb. 6.
The
Australian dollar was little changed at 93.72 U.S. cents from
yesterday, when it touched 93.84, the highest since May 15. New
Zealand��s currency bought 85.27 U.S. cents after strengthening 0.4
percent yesterday to 85.26.
The
BOJ has been buying about 7 trillion yen ($68.4 billion) of government
bonds a month since April 2013 in stimulus that tends to weaken the yen.
All 33 economists surveyed by Bloomberg News forecast the central bank
will keep policy unchanged at the June 12-13 meeting.
Source : Bloomberg
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