- The Japanese yen gained on Wednesday following the central bank’s decision to hold policy steady, with the Asian market gearing up for Chinese New Year. The Bank of Japan board decided by an 8 to 1 vote to leave the bank’s policy unchanged and upgraded its assessment of exports and factory output, while warning that consumption has been hit by a April 2014 sales tax hike.
- In Canada, official data showed that wholesale sales rose by 2.5% in December, coming out well above the expected 0.4% gain that had been expected by analysts. However this wasn’t enough to see it hold its position as it fell against both the euro and the dollar.
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