TOKYO (Sept 21): The dollar jumped on Wednesday after the Bank of Japan altered its policy framework, and investors bought back the U.S. currency ahead of the outcome of the Federal Reserve's policy meeting later in the session. The BOJ maintained the 0.1% negative interest rate it applies to some of the excess reserves that financial institutions park with the central bank. The dollar was up 0.8% at 102.54 yen, after rising to a nearly one-week high of 102.67. "Many people expected the BOJ not to take any action at all, and the yen to strengthen, so we now see many people buying the dollar back," he said. In addition to the BOJ, investors' attention is also on the Fed.

Source: The Edge Markets September 21, 2016 04:41 UTC