Yen hovers near 7-month low vs US dollar

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The yen showed little reaction after the Bank of Japan held off from additional monetary stimulus.  (Reuters) The yen showed little reaction after the Bank of Japan held off from additional monetary stimulus. (Reuters)
SummaryThe yen showed little reaction after the Bank of Japan held off from additional monetary stimulus.

adding that the dollar will probably head into the election a bit higher than where it stands now.

The euro dipped 0.2 percent to $1.2795, having eased after Moody's cut France's sovereign rating by one notch to Aa1 from Aaa, citing an uncertain fiscal outlook and deteriorating economy.

The single currency's losses were limited, however, with analysts saying the downgrade did not come as a surprise.

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