BOJ defends current monetary policy, alters YCC curve limits to entertain momentum traders.Headlines surrounding China offer mixed signals but risk appetite remains weak amid recession fears.
Amid these plays, the MSCI’s index of the Asia-Pacific shares ex-Japan prints a four-day downtrend while Japan’s Nikkei 225 slumps 2.71% by the press time. Elsewhere, RBA Minutes suggested that Australia's central bank considered leaving interest rates unchanged at its December policy meeting, citing the lagged effects of the aggressive tightening delivered so far and the benefits of moving cautiously in an uncertain environment. The same failed to impress Australia’s ASX 200 and joined the broad risk-off mood to print 1.50% intraday loss at the latest.
As BOJ was considered the last bear among the major central banks, the recent hawkish signals amplify the global recession woes and underpin the run-up in the key Treasury bond yields, which in turn weigh on the equities. However, the US Dollar struggles to cheer the same amid the Japanese Yen’s haven status and recently downbeat concerns surrounding the US. It should be noted that prices ofKurodaInformation on these pages contains forward-looking statements that involve risks and uncertainties.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MarketWatch - 🏆 3. / 97 Read more »