Yen surges on BOJ July minutes
On Tuesday, the Japanese yen gained in Asia, after early weakness and after minutes from Japan’s major bank’s July gathering, suggested a push for easing further and as traders waited for the outcome of the first debate between the two lead candidates in American presidential election.
The currency pair USD/JPY traded at 100.15, down 0.18%. Meanwhile, AUD/USD was worth 0.7620, down 0.21%.
In Japan, the corporate service price index for August added 0.2% year-on-year, compared to the expected revenue of 0.3%. The BOJ also issued minutes from its July monetary policy board gathering, hinting at a push for easier monetary policy.
The US dollar index, measuring the greenback’s actual value against a trade-weighted basket of six main currencies, gained 0.05%, being worth 95.26.
Besides this, traders were also looking ahead to the long-awaited American Presidential debate between Donald Trump and Hillary Clinton, scheduled on Monday evening.