Dollar Up To 3-Month High, Yen Down In The Dumps

The US Dollar rose close to a 3-month high versus the Japanese Yen on Wednesday, supported by hopes of further Bank of Japan monetary easing.

The Japanese Yen has been in retreat mode over the last few weeks with growing market expectations that the BOJ will unveil further monetary stimulus at its policy meeting next week.

Meanwhile, the Euro remained rooted to a 1-week low, bearing the brunt of disappointing earnings from US based firms.