Greenback stays near 13-and-a-half year high

On Thursday, the greenback caught its breath, having climbed to a 13-1/2 year peaks against a basket of main currencies on bets the Trump administration is going to adopt inflationary policies, while the Japanese yen dived after a Bank of Japan bond-buying operation.

The dollar index, tracks the greenback’s value against six main currencies, lost 0.1%, hitting 100.32, having risen as high as 100.57 on Wednesday, its loftiest high since April 2003.

The Japanese yen retreated from its intraday peaks after the Bank of Japan conducted its first special operation for the purpose of curbing ascending yields on Japanese government bonds.

The BOJ later told it didn’t obtain any bids for the fixed-rate JGB operation, that came after global bond profits spiked in the wake of Donald Trump's election as American president.

The dollar surged to as high as 109.30 yen after the BOJ operation was officially announced, thus pulling up from an intraday minimum of 108.55 yen.

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