Yen Quiet as BOJ Keeps Policy Unchanged, BOE Minutes on Tap

The Yen yielded a mute response after the Bank of Japan kept monetary policy unchanged. Minutes from May’s Bank of England meeting are on tap ahead

The Yen yielded a mute response after the Bank of Japan kept monetary policy unchanged. Minutes from May’s Bank of England meeting are on tap ahead

The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR ) has erased nearly all of its losses yesterday, on the back of a weaker British Pound and Japanese Yen.

USDJPY and other yen-based crosses dropped sharply on Monday’s open on surprising policy comments, but does this represent enough of a fundamental shock to turn this overbought market?

NEW YORK: The dollar fell against the euro and yen on Monday as traders pared back expectations Federal Reserve Chairman Ben Bernanke would hint at tapering US bond purchases this week.

Today’s European and Asian sessions failed to deliver any significant market events, except for a short lived rally in Yen soon after the weekly open.

The dollar ’s performance these past two weeks has been extraordinary. And, unlike the risks that loom over the S&P 500 and yen crosses should sentiment sour; the greenback would only do better if the market’s fears are realized.

While the S&P 500 is hitting record highs and the yen crosses have rallied over 20 percent since the beginning of the year, the most remarkable performance as of late has come from the US dollar.

A Japanese Yen bounce looks almost guaranteed on crystal-clear signs of a sentiment extreme.

US Dollar Consolidates with Inside Days against Euro, Sterling, and Yen

NEW YORK: The US dollar dropped against the euro and Japanese yen on Thursday as a deluge of data highlighted vulnerabilities in the US economy and curbed expectations the Federal Reserve will scale back its bond-buying program any time soon.