DOLLAR JUMPS VS YEN AS BOJ STICKS WITH ULTRA-LOOSE POLICY

The U.S. dollar jumped against the yen on Tuesday after the Bank of Japan gave no sign that its ultra-loose monetary policy was set to end, but the dollar was broadly softer against other majors, weighed down by expectations for interest rate cuts next year.

The Bank of Japan maintained its ultra-loose policy settings as expected, as it opted to await more evidence on whether wages and prices would rise enough to justify a shift away from massive monetary stimulus.

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