Investing.com - The yen was little changed against the dollar and the euro on Tuesday after the Bank of Japan kept monetary policy on hold and give no sign that further easing is on the way.
USD/JPY edged up 0.04% to 103.30, from Monday’s close of 103.27.
The pair was likely to find support at 102.92, Monday’s low and resistance at 103.60.
The BOJ maintained its pledge to expand the monetary base at a pace of ¥60 trillion to ¥70 trillion per year. The central bank also stuck to the view that economic growth and inflation are proceeding in line with forecasts.
Data on Monday showing that Japan posted record current account deficit of 1.589 trillion in January and fourth quarter growth was revised down revived concerns over the fragile economic recovery.
Japan's economy grew 0.2% in the final three months of 2013, below the preliminary estimate for growth of 0.3%.
The euro slipped lower against the yen, with EUR/JPY slipping 0.11% to 143.11.
The single currency also edged lower against the dollar, with EUR/USD inching down 0.12% to 1.3860, holding below the two-and-a-half year peak of 1.3915 struck Friday.
Demand for the euro continued to be underpinned after the European Central Bank left policy unchanged last week, despite the low inflation outlook for the euro zone, dampening expectations for further monetary easing.