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Currency Market Analysis

Global Themes

The U.S. dollar extended a slump, hitting multiweek lows, after the Bank of Japan delivered a fresh round of economy-boosting stimulus that fell short of market expectations. The BOJ didn’t cut interest rates and it didn’t increase its asset purchase program. Instead, Japan’s central bank decided to increase its purchase of equities, or exchange traded funds, to ¥6 trillion ($57 billion), nearly double the previous amount of ¥3.3 trillion. The move will infuse more cash into the world’s No. 3 economy with the aim of boosting inflation toward Japan’s 2 percent goal. The dollar had already been

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