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Currencies: Dollar eases as yen brushes past Kuroda’s negative-rates talk

The U.S. dollar pulled lower against the yen on Monday, with the Japanese currency pushing past rate-cut remarks by the head of the Bank of Japan.

The greenback USDJPY, -0.51% traded at ¥100.44, down from ¥101.00 late Friday in New York. That contributed to a 0.1% slip in the U.S. Dollar Index DXY, -0.19% a gauge of the greenback’s strength against six rivals, to 95.381.

Losses in Japanese stocks on Monday prompted buying in the yen, with bank and insurer shares in Tokyo hit as Bank of Japan Governor Haruhiko Kuroda reaffirmed his pledge to whatever it takes to boost growth and inflation, including taking interest rates further into negative territory, according to media reports.

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