Dollar Extends Gains As Dovish BOJ Ripples Through FX World

The ascendant dollar got a fresh boost from a dovish Bank of Japan statement Thursday, which pushed the yen beyond a key psychological level and weighed on currencies from Asia to Europe.

A Bloomberg gauge of the greenback climbed to the highest level in nearly two years, while the dollar-yen climbed as much as 1.4% to just above the closely-watched 130 level for the first time since 2002. The BOJ doubled down on its bond buying operations to keep a lid on rising yields. 

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