The dollar extended its gains against the yen and rose 1.6 percent on Wednesday, after the Wall Street Journal reported that Japan is considering issuing 50-year bonds as part of an economic stimulus package.
Currency surges vs yen on Japan stimulus hopes
The dollar last stood at 106.34 yen, up about 1.6 percent on the day.
The Wall Street Journal report stirred renewed expectations for the Bank of Japan to further ease monetary policy this week, at a time when the Japanese government is crafting a fiscal spending package.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Bullied student threatens Abuja school with lawsuit if abusers are not punished
EFCC withdraws appeal against Yahaya Bello
Gov Zulum wants Army to establish military base in Sambisa forest
2 Wike loyalists exit Fubara's cabinet as Governor reshuffles
Ganduje believes APC is the answer to Nigeria’s problems
Spate of deaths strikes Nigerian movie industry, Nigerians calls for action
Gov Sanwo-Olu to unveil Lagos Transport Policy in May to attract investors
Palliatives not for your friends only - Sanwo-Olu warns LG against hoarding
Doctors warn snakebite victims not to bring snakes to hospital for identification
ADVERTISEMENT