Asia FX Weakens On recession Wo Yen Supported By Yield Cap Bets

Asia FX Weakens On recession Wo Yen Supported By Yield Cap Bets

Jan 19, 2023

Most Asian currencies retreated on Thursday as weak U.S. economic data pushed up fears of a potential recession, while the Japanese yen recouped most of its recent losses on speculation that the Bank of Japan may yet increase its yield control range. The

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BOJ keeps Record-Low Rates Unchanged, Maintains Yield Curve Control

BOJ keeps Record-Low Rates Unchanged, Maintains Yield Curve Control

Jan 18, 2023

The Bank of Japan (BOJ) kept its benchmark interest rates unchanged as expected on Wednesday, and also maintained its current rate of yield curve control, ducking market expectations for more hawkish signals. The Japanese yen plummeted after the move, dropping over 2% to

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Asia FX inches Higher Ahead of Powell speech, China optimism Fades

Asia FX inches Higher Ahead of Powell speech, China optimism Fades

Nov 30, 2022

Most Asian currencies crept higher on Wednesday as markets awaited more cues on U.S. monetary policy from Federal Reserve Chair Jerome Powell, although weak economic data from China and uncertainty over the country’s COVID policy weighed on sentiment. Still, most regional units were

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