Investing.com - The firmed against the yen on Tuesday on building talk the Bank of Japan will announce plans to roll out fresh monetary easing measures this week.
In Asian trading on Tuesday, USD/JPY was trading at 79.92, up 0.15%, up from a session low of 79.76 and off a high of 79.93.
The pair was likely to find support at 79.53, Monday's low, and resistance at 80.28, Friday's high.
Talk continues to build the Bank of Japan will bolster its monetary easing program and take further steps to weaken the yen, which sent the dollar gaining early Tuesday.
An announcement should come later in the day.
Trading was subdued, as markets were closed in the U.S. due to the arrival of Hurricane Sandy, which made landfall along the coast of the U.S. state of New Jersey as a powerful post-tropical system wreaking havoc along he heavily populated eastern seaboard.
The yen, meanwhile was down against the pound and down against the euro, with GBP/JPY up 0.10% and trading at 128.08 and EUR/JPY trading up 0.17% at 103.15.
In Asian trading on Tuesday, USD/JPY was trading at 79.92, up 0.15%, up from a session low of 79.76 and off a high of 79.93.
The pair was likely to find support at 79.53, Monday's low, and resistance at 80.28, Friday's high.
Talk continues to build the Bank of Japan will bolster its monetary easing program and take further steps to weaken the yen, which sent the dollar gaining early Tuesday.
An announcement should come later in the day.
Trading was subdued, as markets were closed in the U.S. due to the arrival of Hurricane Sandy, which made landfall along the coast of the U.S. state of New Jersey as a powerful post-tropical system wreaking havoc along he heavily populated eastern seaboard.
The yen, meanwhile was down against the pound and down against the euro, with GBP/JPY up 0.10% and trading at 128.08 and EUR/JPY trading up 0.17% at 103.15.