Yen flying as market challenges BOJ, stocks cheer inflation’s retreat

📆 13/01/2023 06:33:00
📰 inquirerdotnet

⏱ Reading Time:
19 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 86%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Asian stocks rose as investors cheered a slowdown in U.S. inflation, while the yen hit a seven-month high and Japanese bond yields broke above the central bank’s target as markets challenged Tokyo’s commitment to loose monetary policy. | Reuters

The yield on 10-year Japanese government bonds breached its new cap of 0.5 percent on Friday morning trade at 0.53 percent. The BOJ was making unscheduled bond purchases in response.

The BOJ had described its December move as aimed at addressing distortions in the bond market, and defended the new target with bond purchases – but that is under immense pressure now as traders have a sniff of a shift at next weeks’ meeting. The dollar slipped broadly, U.S. treasuries rallied and assets seen as risky, such as stocks and cryptocurrencies, rose.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Escrever Comentário

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Asia stocks hit 7-month high on China and CPI betsAsian stock markets mostly pushed higher, ahead of U.S. consumer price data that investors hope will confirm inflation is in retreat, while the yen rose with a report Japan will next week review the side-effects of its ultra-easy policy. | Reuters
Fonte: inquirerdotnet - 🏆 3. / 86 Consulte Mais informação »