By FX Empire.com
The USD/JPY pair was little changed early Wednesday, even after the Bank of Japan kept the overnight rate steady between 0.0% and 0.10%.
The BOJ also kept the Asset-Purchase Fund unchanged at 20 trillion yen and the Credit-Loan program at 35 trillion yen.
On the other hand, the Japanese yen soared against the euro and the British pound after the BOJ lowered the Japanese economic assessment, which increased fears regarding the outlook for the Japanese economy.
The greenback soared to its highest level in five weeks against the euro, which prevent the dollar from losing more ground against the Japanese currency.
On Thursday the U.S. data will start at 13:30 GMT with the housing starts for October which is expected to drop to 610 thousand from 658 thousand and Building Permits on the other hand to rise to 600 thousand from 594 thousand.
At the same time we have the weekly jobless claims for the week ending November 11 after last week they unexpectedly declined to 390 thousand.
The data will end with the Philadelphia Fed Index for November at 15:00 GMT which is expected to improve to 10.0 from 8.7.
Originally posted here
