People walk in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Friday, June 21, 2024, in Tokyo. – Global shares were mostly lower Friday after a retreat on Wall Street, where a drop in Nvidia stock pulled stocks lower.
“We will have one more month of data before the next Bank of Japan meeting, which will be on close watch to determine if markets are getting ahead of themselves by leaning towards a potential rate hike in September this year,” said Yeap Jun Rong, market analyst at IG. China's central bank has sought to staunch weakness in the yuan by setting its value higher than expected. The yuan's parity rate was set at 7.1196 against the U.S. dollar. It was set at 7.1192 on Thursday. Traders had been expecting it to fall further.
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