TOKYO : The U.S. dollar hovered near a more than seven-month high to the Japanese yen on Thursday after the heads of the respective central banks reaffirmed the stark divergence in their policy paths at a European Central Bank conference overnight.
By contrast, Ueda reiterated that"there's still some distance to go" in sustainably achieving 2 per cent inflation accompanied by sufficient wage growth, the conditions the BOJ has set for considering an exit from ultra-easy stimulus. The U.S. currency was about flat at 144.52 late in the Asian day, but earlier strengthened as far as 144.60.
The U.S. dollar index - which measures the currency against six major peers, including the yen, euro and sterling - gained 0.22 per cent to 103.20, extending its 0.46 per cent overnight climb.
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