Yen jumps and the dollar stabilizes ahead of US inflation data

The yen received support on Thursday from expectations that the Bank of Japan will review the implications of its easy monetary policy, while the dollar held near a seven-month low against the euro ahead of US inflation data on Thursday.

The Japanese yen rose 0.8 percent, to record a session high of 131.36 against the dollar in Asian transactions, after a Yomiuri newspaper reported that the Bank of Japan will review the implications of its accommodative monetary policy at next week’s monetary policy meeting, and may take additional steps to correct any imbalance in the yield curve.

And the yen recorded in the latest trading 131.70 against the dollar.

The dollar index rose 0.1 percent to 103.25, not far from its seven-month low of 102.93 reached this week.

The pound fell 0.1% to $1.2140, and the euro fell 0.1% to $1.0747, after reaching a seven-month high of $1.07765 in the previous session.

The Australian dollar fell 0.2% to $0.6893. The New Zealand dollar fell 0.3% to $0.6344.

The Chinese yuan traded in offshore transactions at 6.7589 against the dollar, after reaching a five-month high of 6.7545 against the dollar earlier in the session.

As for digital currencies, Bitcoin rose for the fifth day in a row, and recorded the highest level in a month at $ 18,370.