The yen was in demand as the U.S. Dollar declined in European trade as a result of a report that the Japanese government may be preparing to change the nation’s inflation target.
The dollar’s value versus a basket of six other currencies is measured by the Dollar Index, which decreased 0. 3% to 104.035. JPY/USD dropped 0.6% to 135.84.
It is predicted that the BoJ would keep interest rates at their present record-low levels when it meets for the last time of the year early.
Prior to the publication of the German Ifo business environment index for December, the EUR/USD increased 0.5% to 1.0634.