FOREX-Dollar falls on comments from BOJ's Kuroda, U.S. debate uncertainty

Mon Sep 26, 2016 3:32pm EDT
 
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* Kuroda comments give no sign of near-term threats to yen

* U.S. presidential debate at 9:00 p.m. ET/0100 GMT Tues

* Turkey downgrade, OPEC meeting hurt risk sentiment

* Euro hits 11-day high vs dollar (Updates prices, adds comment)

By Sam Forgione

NEW YORK, Sept 26 (Reuters) - The dollar fell against the safe-haven yen on Monday after comments from a top Bank of Japan (BOJ) official reinforced views that the central bank was unable to weaken the yen, while an impending U.S. presidential debate stoked uncertainty.

BOJ Governor Haruhiko Kuroda said Monday the central bank stood ready to use every possible policy tool to achieve its 2-percent inflation target. He also said no big increase or decrease to its bond buying was expected for now.

The comments eased speculation that the BOJ was considering tapering asset purchases and supported a view that the BOJ was keeping in place a monetary policy that has only led the yen to strengthen.

The yen has gained more than 17 percent since the BOJ shocked markets in January by cutting rates below zero for the first time. The dollar was last down 0.7 percent against the yen at 100.29 yen after touching a session low of 100.25 yen.   Continued...