Yen eases as traders digest BOJ surprise policy tweak - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

In a surprise move, the BOJ on Tuesday decided to let long-term yields move 50 basis points either side of its 0% target, wider than the 25 basis point band previously, even as the central bank kept broad policy setting unchanged.

The currency market is still digesting BOJ’s policy tweak, said Carol Kong, a currency strategist at the Commonwealth Bank of Australia. The move from the BOJ comes as investors fret about a slowing world economy, sky-high inflation and other central banks’ moves to hike interest rates.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SABCNews /  🏆 37. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bank of Japan surprise pushes yen up and Asian stocks downTen-year bond yield allowed more space to move, signalling a possible tightening of ultraloose policy
Source: BDliveSA - 🏆 12. / 63 Read more »

Yen on defensive before BOJ; NZ dollar sinks - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The yen retreated against the dollar on Tuesday ahead of a Bank of Japan policy announcement later in the day, with the central bank widely seen leaving ultra-easy stimulus settings unchanged.
Source: SABCNews - 🏆 37. / 51 Read more »