USD/JPY: fresh lows breaking 104 handle - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained the USD/JPY pair fell to its lowest this week, breaking below the 104.00 level by the end of the US session, amid headlines indicating that US presidential candidates are back neck-and-neck in polls, just a week before the election's day.

Key Quotes:

"The Japanese yen showed a limited reaction to the Bank of Japan's decision to leave its economic policy unchanged, something widely anticipated by the market. Failure to extend gains beyond 105.00, along with increasing uncertainty over the US future, however, ended up benefiting the yen. Data coming from Japan continues showing sluggish growth, as the manufacturing PMI came in 51.4, from previous 51.7."