Tokyo, JapanThe Yen rose today as Bank of Japan chief, Haruhiko Kuroda left the markets guessing the central bank's policy plans
Japan's top banker promised to release fresh measures if necessary while addressing a business seminar in Tokyo.
He held off talks of scaling back on BOJ's easing measures and recognised the drawback of the bank's negative rate policy.
It was designed to encourage lending but has hurt commercial banks' profits.
He however, gave some solid hints about the central bank's plans to oppose a slowing economy.
Meanwhile, in Tokyo afternoon trade the Dollar fell to 103.44 Yen from 103.99 Yen in New York, while the Euro came down to 115.58 Yen from 116.02 Yen in US trade on Friday.
The Bank of Japan's next policy meeting is September 20.
Bloomberg News quoted Yousuke Hosokawa, head of foreign-exchange sales at Sumitomo Mitsui Trust Bank,"While Kuroda denied any speculation about tapering, he spurred some disappointment for those looking for clear clues on policy action this month."
"With markets losing direction after the US jobs data fell short of adding fuel to US rate hike expectations this month, Kuroda’s comments were neither supportive for aggressive selling nor for buying of the Dollar," he said.
The US Labor department on Friday, released US jobs data figures, revealing the economy created 151,000 net jobs in August, lower than the expected 180,000.
Analysts were confused on whether the number was enough for the US Federal Reserve to raise interest rates this month.
The Euro ticked up to $1.1172 from $1.1156 AFP reported.
The Dollar weakened against most other Asia-Pacific currencies, including the Indonesian Rupiah, Taiwan Dollar and South Korean Won.
(WION with inputs from AFP)