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Asian stocks waver, yen wobbles as BOJ takes centre stage

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Asian stocks waver, yen wobbles as BOJ takes centre stage

© Reuters. FILE PHOTO: Passersby walk past an electric monitor displaying the Japanese yen exchange rate against the U.S. dollar outside a brokerage in Tokyo, Japan October 4, 2023. REUTERS/Issei Kato/File Photo

The yen weakened 0.19% to 149.38 per dollar but was not far from the two-week peak of 148.81 it touched on Monday after the Nikkei newspaper reported the BOJ would consider making adjustments to its yield curve control . The Fed's meeting comes after a slew of data showed the U.S. economy remains resilient and comments from Fed Chair Jerome Powell will be scrutinized to gauge how long the interest rates are likely to stay elevated.

"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."

 

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