Yen Drops Versus Peers as BOJ’s Kuroda Outlines Easing
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The yen fell against all its major peers as Bank of Japan Governor Haruhiko Kuroda outlined monetary easing options to achieve a 2 percent annual inflation goal in two years.
Japan’s currency snapped a three-day advance against the dollar after Kuroda said the BOJ will consider extending the maturities of bond purchases and scrapping a limit on such buying. The euro traded 0.3 percent from a four-month low ahead of debt auctions in Italy, where lawmakers are trying to form a government after inconclusive elections last month. Singapore’s dollar climbed for a fourth day, the longest streak this year.