The dollar edged up and pulled away from a five-week low against the other major currencies on Monday, as markets digested the downbeat U.S. growth data released on Friday and eyed an upcoming report on U.S. manufacturing activity due later in the day.
USD/JPY added 0.15% to trade at 102.18, easing off Friday’s three-week trough of 101.94.
The dollar recovered from sharp losses posted after the Bank of Japan approved only moderate stimulus measures at Friday monetary policy meeting, disappointing markets which were hoping for much more aggressive easing.
While the BoJ eased its monetary policy further by increasing its purchases of exchange-traded funds, it opted not to cut interest rates deeper into negative territory or increase the monetary base, as analysts had widely expected.
EUR/USD was little changed at 1.1167.
The pound slipped lower, with GBP/USD down 0.32% at 1.3186, while USD/CHF slipped 0.12% to 0.9778.
BUY JPYINR ABOVE 65.35 TGT -65.45.-65.55-65.65 SL 65.15 BELOW CMP 65.35
SELL GBPINR BELOW 88.85 TGT -88.75-88.65-88.55 SL 89.05 ABOVE CMP 88.87
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