Dollar near 7-month high to yen on policy split; yuan snubs PBOC
Japanese yen and U.S. dollar banknotes are seen in this illustration picture taken June 15, 2022. REUTERS/Florence Lo/Illustration
By contrast, Ueda reiterated that "there's still some distance to go" in sustainably achieving 2% inflation accompanied by sufficient wage growth, the conditions the BOJ has set for considering an exit from ultra-easy stimulus. The U.S. dollar index - which measures the currency against six major peers, including the yen, euro and sterling - was flat at 102.94.
"One of the arguments of providing government bonds back to the open market is that they can improve liquidity and deliver higher bond yields but the crown hasn't really bought into that just yet."The euro was little changed at $1.0908, after mixed inflation data from German states and Spain ahead of tomorrow's euro area wide figure.
The dollar added 0.1% to 7.2479 yuan in the offshore market, taking it close to the previous day's 7-1/2-month low of 7.2694.
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