The yen stabilized today, Wednesday, after it jumped about 4% in the previous session when it was revised Bank of Japan The central bank was unexpectedly one of its main policies, giving government bond yields an opportunity to rise.
The Bank of Japan revised its yield curve control policy on Tuesday, while leaving its broader policies unchanged.
The yen rose less than 0.1% in its latest transactions today, Wednesday, to reach 131.55 yen per dollar, not far from its highest level in four months of 130.58 yen per dollar, which it recorded yesterday, Tuesday, when it jumped 3.8% in its largest daily increase since 1998.
The euro rose 0.11% against the dollar to $1.063, while the pound sterling fell 0.25% to $1.216.
The Australian dollar lost 0.1%, recording $0.667, while the New Zealand dollar fell 0.89%, to $0.629.
The dollar index, which measures the performance of the US currency against a basket of major currencies, fell less than 0.1% today, Wednesday, to 103.89, but it is still up nearly 8% this year.