U.S. stock futures pointed to a weaker open for Wall Street , but sentiment generally was upbeat a day after data showed U.S. price pressures easing further.
the BOJ's 0.5% ceiling on speculation that its yield curve control policy could be revised, or even abandoned, as early as next week's policy meeting.The yen strengthened to 128.11 per dollar -- its highest since late May. It was last up 0.8% and has rallied 6% in little more than three weeks since the BOJ stunned markets by widening the band around its 10-year government bond yield target.
Investors responded by down-shifting expectations for U.S. interest rates. A Federal Reserve hike of 25 basis points rather than 50 next month is now anticipated, with futures markets pricing in rate cuts later this year.and was set for its biggest weekly jump in two months. The euro rallied to a nine-month high of $1.0868 per and the risk-sensitive Australian dollar rose to a roughly five-month high at $0.6994.some modest growth in November supported sterling, which rallied 0.25% versus the dollar .
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Source: Reuters - 🏆 2. / 97 Read more »
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