The yen gained its month high against the dollar
|The yen gained its month high against the dollar./ source via - google search, business news|
The Japanese currency strengthened at a rapid pace, as the BOJ’s inaction Thursday dashed hopes for more stimulus especially among non-Japanese investors.
It is a clear indication that the short-term players are being driven the selling, as the dollar’s fall by nearly 6 yen over just two days.
The volume was thin as investors are celebrating the golden week holiday period, Government offices and financial markets will be closed May 3-5 for national holidays.