USD/JPY Edges up to 119 Before BOJ

The safe-haven yen was on the back foot on Friday, as risk assets staged a broad recovery and investors awaited the outcome of a Bank of Japan meeting.

The dollar added 0.2 percent against the yen to buy 119.06 yen, while the euro tacked on 0.2 percent to 146.21 yen.

The BOJ is widely expected to maintain its massive monetary stimulus at the conclusion of its two-day policy meeting later on Friday and may offer a brighter view of the economy.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.