Seasonal factors may increasingly factor into price action as the on-coming Thanksgiving holiday in the US unofficially marks the beginning of the market-wide liquidity drain leading into the turn of the calendar year.
For the 24 hours to 23:00 GMT, the USD weakened 0.27% against the JPY and closed at 117.61, following disappointing weekly initial jobless claims coupled with an unexpected drop in pending home sales data in the US.
On Wednesday, the Bank of Japan voted to continue its massive stimulus efforts by purchasing more government bonds and risky assets to increase base money at an annual pace of 80 trillion yen ($683 billion) in a widely expected move. �The big message ...
Aso's remarks prompted a spike in the yen versus the dollar. The dollar fell to as low as 117.45 yen JPY= from around 118 yen, after hitting a seven-year peak of 118.96 versus the yen earlier this week.