The yen firmed towards its recent four-month peak against the dollar on Thursday, after the Bank of Japan's surprise tweak to its bond yield control earlier this week provided a catalyst for trade in an otherwise dull week ahead of year-end holidays.
The yen was about 0.3% higher at 132.05 per dollar, after surging to a four-month high of 130.58 on Tuesday in the aftermath of the BOJ's decision to allow the 10-year bond yield toThe greenback, which rose 0.6% against the yen in the previous session, had failed to meaningfully recoup its 3.8% slump following Tuesday's news.
"It's a case of what's the price action on the yen? Do people want to try to keep pounding at , having absorbed the shock of Tuesday?" "The borrowing figures are just a reminder of what a difficult position the UK is in, fiscally," Callow said.
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