Yen firms to as much as 151.92 per dollar
Euro unchanged after the bloc39;s strong Oct inflation data
Sterling rises on higher for longer rate view
Dollar edges lower ahead of PCE data
TOKYOLONDON, Oct 31 Reuters The yen rose on Thursday after the Bank of Japan took a less dovish tone than expected while the U.S. dollar ticked lower ahead of jobs data later this week and the U.S. presidential election next week.
The dollar was last down 0.5 against the Japanese currency at 152.70 yen as the BOJ maintained ultralow interest rates but said risks around the U.S. economy were somewhat subsiding, signalling that conditions are falling into place to raise interest rates again.
Governor Kazuo Ueda39;s remarks were seen as less dovish than those made before the meeting that the BOJ could afford to spend time scrutinising the fallout from risks such as U.S. economic uncertainties.
The BOJ cut its core consumer inflation forecast but said risks were skewed to the upside for that year, causing the yen to rise, said Andrea Cicione, head of strategy at GlobalData.TSLombard.
This was a deliberate comment by the BOJ to stop this weakening in the yen that has been going on for six weeks.
The Japanese currency has taken a beating, down around 6 for the month as the dollar and U.S. Treasury yields have hovered around their highest since July.
Japan39;s political shakeup has only added to the yen39;s woes, heightening uncertainty about the country39;s fiscal and monetary policy…