The yen held gains against the dollar and euro after the Bank of Japan refrained from adding to stimulus measures after the conclusion of a policy meeting today.
Japan’s currency climbed 0.4 percent to 79 per dollar as of 12:05 p.m. in Tokyo. It added 0.5 percent to 99.79 against the euro.
The central bank kept its asset-purchase fund at 40 trillion yen ($505 billion) and a credit lending program at 30 trillion yen, matching the forecasts of 13 economists surveyed by Bloomberg News. The decision was announced in Tokyo today.