Asian stocks waver, yen wobbles as BOJ takes centre stage

  • 📰 malaymail
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 86%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

SINGAPORE, Oct 31 — Asian equities eased today, while the yen remained close to a two-week high as traders braced for the Bank of Japan’s policy decision when it is likely to...

The BOJ sets a target of around 0 per cent for the 10-year yield under YCC. Under criticism that its heavy defence of the cap is causing market distortions and an unwelcome yen fall, it raised its de-facto ceiling for the yield to 1.0 per cent from 0.5 per cent in July.

“That said, the way foreign currency markets are behaving suggests any move today on YCC may only cap but not reverse the yen weakness,” Chia said. Overnight, all three major US stock indexes closed up more than 1 per cent, with interest rate sensitive megacap stocks providing the most upside muscle. Today, the Federal Open Markets Committee will convene for a two-day monetary policy meeting, which is expected to culminate in a decision to let the Fed funds target rate stand at 5.25 per cent-5.50 per cent.

“While the Federal Reserve may not make any rate adjustments this week, the possibility of a rate hike in the following meeting is certainly on the table.”

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
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:

 /  🏆 1. in BR

Brasil Últimas Notícias, Brasil Manchetes

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

Asian stocks waver, yen wobbles ahead of BOJ’s policy decisionTraders brace for a potential inflation forecast lift and bond yield tweaks from Japanese policymakers.
Fonte: fmtoday - 🏆 5. / 72 Consulte Mais informação »