The dollar strengthened against the yen Wednesday after the Bank of Japan left its program of asset purchases unchanged at the close of its two-day policy meeting.The yen USDJPY, -0.02% surged after the central bank’s decision, briefly driving the dollar to its lowest level in nearly a week. The dollar recently bought ¥119.98 late Wednesday in New York, down 0.2% from ¥120.26 late Tuesday in New York.
The dollar was broadly weaker Tuesday, with a few exceptions. It strengthened against the euro EURUSD, +0.1068% with the shared currency declining to $1.1244 late Wednesday, down 0.2% from $1.1268 late Tuesday. The buck also traded higher against the Swiss franc USDCHF, -0.0719% and Swedish krona USDSEK, -0.0145%
But the buck depreciated against its emerging-markets rivals for a second straight day — on track to decline against the Mexican peso USDMXN, -0.1273% Brazilian real USDBRL, -0.0952% Turkish lira USDTRY, -0.0442% and South African rand USDZAR, -0.0379% for the ninth session in the last 10.
The Malaysian ringgit USDMYR, -0.1259% and Indonesian rupiah USDIDR, -1.04% soared against the dollar, supported by a monthly update on China’s foreign currency reserves which showed the central bank spent less supporting the yuan in September.
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