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Asia stocks slump as bond sell-off spooks markets By Reuters

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Asia stocks slump as bond sell-off spooks markets

© Reuters. FILE PHOTO: A man walks past an electric monitor displaying the Japanese yen exchange rate against the U.S. dollar, Euro and other foreign currencies outside a brokerage in Tokyo, Japan May 2, 2023. REUTERS/Issei Kato/File Photo

The yen breached the 150-per-dollar level in the London afternoon on Tuesday before suddenly shooting to 147.3. Even Japan's 10-year yield, which is capped by the Bank of Japan, rose 4.5 bps to a decade high despite the BOJ offering to buy $4.5 billion worth of bonds on Wednesday. [JP/]

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