The dollar has been trading with a heavy bias amid a backdrop of mostly firming stock markets in Asia, though has remained well off recent trend lows. EUR-USD logged a three-session high at 1.2450, and USD-JPY ebbed to an intraday low of 108.62 after peaking at 109.09 in the Tokyo session. Dovish remarks came from BoJ deputy governor Iwata, who said that the central bank needs to “persistently” continue with accommodative monetary policy, and governor Kuroda, who said that there remains a long way to go to achieve the 2% inflation target.
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