Yen Lifts, Euro Rises, Korea Investigates Forex Positions
The Bank of Japan falls short and Europeans go shopping - it's time for your FX Fix.
The Bank of Japan announced new monetary easing, but investors had hoped for more and the yen moved higher. [CNBC]
The dollar weakened in storm-thinned trading conditions. [WSJ]
Disappointment at the Bank of Japan's stimulus steps sent the Australian and New Zealand dollars lower against the yen. [CNBC]
Euro zone economic sentiment fell less than expected in October, thanks to small improvements in the retail sector and a degree of consumer optimism, and the euro ticked up. [RTT]
The euro's strength helped lift the Chinese yuan. [CNBC]
The Bank of Korea plans to investigate forex forward positions held by banks operating in Korea in an attempt to curb the won's rise. [FT]
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