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Greenback flattens against yen ahead of jobs data

The evergreen buck didn’t change against the Japanese yen in Friday’s Asia trade, as market participants waited for US jobs data.   

The US dollar traded at ¥113.79, compared to ¥113.59 in New York, Thursday.

The major American currency dipped to ¥113.20, when the BOJ’s governor Haruhiko Kuroda informed a parliament committee the country’s key financial institution wasn’t planning further interest-rate decreases.  That ruined hopes that the BOJ might take extra easing measures at this month’s monetary policy gathering.

However, the greenback leapt back rapidly after Kuroda stressed the BOJ is on the verge of easing if required, and the country’s central bank would like to make use of three dimensions of policy choices, suggesting quality, quantity and rates.

In Tokyo, the benchmark Nikkei Stock Average closed +0.3%.

Amid a lack of new trading cues for the rest of the trading session, market participants shifted to American February jobs data.

It’s getting more difficult for currency traders to take strong positions on just one side and ahead of the world central banks’ policy-setting gatherings, which should occur later on, this month.

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