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USD/JPY gain hold support 109.25

The USD/JPY met fresh supply and slumped to fresh twelve-day lows against the American dollar in late-Asia, after reports hit the wires that BOJ officials are said to discuss lending to banks at negative rate. The USD/JPY pair popped higher from near daily low to hit fresh almost two-week tops at 110.19 on the headlines release.

Overnight, the dollar trimmed losses against the other major currencies on Thursday, as markets digested remarks by European Central Bank President Mario Draghi and a mixed bag of U.S. economic reports.

The Asian markets also found support from the BOJ news, sending the Nikkei into the green territory, which further supports the upside rally in the major.

Markets digest the BOJ headlines in wake of next week’s Fed and BOJ monetary policy decisions. Yen was steady to stronger in Asia on Friday as investors await next week’s review of interest rates by the Federal Reserve.

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