The dollar was almost flat against the yen in quiet, rangebound Asia trade Monday, with gains capped after the Bank of Japan disappointed the market with its steps to complement its existing easing program.The greenback USDJPY, +0.14% was at ¥121.34 compared with ¥121.26 late Friday in New York.
The benchmark Nikkei Stock Average NIK, -0.37% lost 0.9% midday after the Bank of Japan’s moves on Friday strengthened the yen. However, the dollar managed to stay above ¥121.00-mark in a sign that dip buying was kicking in, but failed to go up further with no fresh trading cues and many investors away ahead of the holiday season.
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