On Monday trade was thin due to closed markets in UK and US for public holidays. US dollar decreased in value against the yen, as USD/JPY dropped to 100.91 during European afternoon session.
Today Japanese Nikkei 225 broadened its decline from Friday last week, due to concerns whether FED would reduce scale of its bond purchasing program from its current 85 billion US dollars per month later in 2013.
Additionally, Bank of Japan’s April meeting showed that a number of policymakers raised concerns that inflation rate may fall short of the 2% target through March 2016.
Meanwhile, the euro remained almost unchanged against the US dollar with EUR/USD pair traded in 1.2939-1.2942 zone during late hours of European session.
The euro was supported after remarks by European Central Bank (ECB) executive-board member Joerg Asmussen, that the bank should be wary to consider a reduction of interest rates on deposits below zero, as such act could trigger relocation of banks fund surplus and could affect their operations.
US dollar changed slightly against the British pound and the Swiss franc. GBP/USD dropped to 1.5110, while USD/CHF added 0.09%, rising to 0.9615.
The dollar index, which gauges the performance of the US dollar versus a basket of six major currencies dropped by 0.04% to 83.67.
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