The yen was about 0.3% higher at 132.05 per dollar, after surging to a four-month high of 130.58 on Tuesday in the aftermath of the BOJ's decision to allow the 10-year bond yield to move 50 basis points either side of its 0% target, wider than the previous 25 basis point band.The yen was about 0.3% higher at 132.05 per dollar, after surging to a four-month high of 130.
The greenback, which rose 0.6% against the yen in the previous session, had failed to meaningfully recoup its 3.8% slump following Tuesday’s news. “It’s a case of what’s the price action on the yen? Do people want to try to keep pounding at , having absorbed the shock of Tuesday?”Both pairs were holding close to roughly three-month peaks hit on Tuesday.British public borrowing unexpectedly jumped last month to its highest for any November on record, figures overnight showed, underscoring challenges for the British economy.
“In a world where risk sentiment is still very fragile, currencies whose countries have a twin deficit are at risk compared to others.”The kiwi fell 0.06% to $0.62905, after a 0.8% slump overnight.US consumer confidence rose to an eight-month high in December as inflation retreated and the labour market remained strong, but fears of a recession persisted, resulting in fewer households planning to make big-ticket purchases over the next six months, data released overnight showed.
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