The Japanese yen was somewhat weaker Monday as the Bank of Japan began its two-day policy meeting.
The currency was at ¥101.38 to the greenback, up 0.02%.
Last week, the greenback was stable against the euro and the yen as worries over the financial condition of Portugal’s biggest lender alleviated, damping safe haven demand.
Portugal’s Banco Espirito Santo ignited a sharp selloff in markets Thursday, despite fears over the contagion risk. Concerns woes following after Portugal’s central bank said it was satisfied the lender was able to meet its capital requirements.
The material has been provided by InstaForex Company – www.instaforex.com
The Japanese yen was somewhat weaker Monday as the Bank of Japan began its two-day policy meeting.
The currency was at ¥101.38 to the greenback, up 0.02%.
Last week, the greenback was stable against the euro and the yen as worries over the financial condition of Portugal’s biggest lender alleviated, damping safe haven demand.
Portugal’s Banco Espirito Santo ignited a sharp selloff in markets Thursday, despite fears over the contagion risk. Concerns woes following after Portugal’s central bank said it was satisfied the lender was able to meet its capital requirements.
The material has been provided by InstaForex Company – www.instaforex.com
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