On January 29, 2009 in Tokyo trading, the U.S. Dollar dipped slightly against the Japanese Yen, after rising yesterday due to a surge in U.S. shares as the Federal Reserve did not commit itself to purchase longer term Treasuries. Yesterday, the Federal Reserve maintained interest rates near zero after a two-day meeting, although it was announced that they were prepared to acquire longer dated Treasury debt, if it was perceived that that would improve the liquidity crisis.
