Yen flies as market challenges BOJ, stocks cheer inflation's retreat

rose 0.8% to hit a new seven-month high and was headed for a third consecutive week of gains.fell 1.3% and the yen , which surged 2.7% against the dollar overnight, kept going and rose about 0.2% further to 128.65 per dollar. It is up 6% in little more than three weeks since the Bank of Japan stunned markets by widening the band around its 10-year bond yield target.

"I think it's too early for the BOJ to give up," he added. "It still has ammunition to defend the 0.5% yield cap." "No change in policy this month would be a setback for the yen," said Rabobank FX strategist Jane Foley. "However, we would look to buy the yen against the dollar on dips on anticipation of another move ... in the spring."next week and debate whether further steps are needed, sources familiar with the bank's thinking told Reuters.hit a one-month high overnight. European stock futures were also dull, with the Eurostoxx 50 futures down 0.05%, German DAX futures down 0.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Yen flying as market challenges BOJ, stocks cheer inflation's retreatAsian stocks rose on Friday as investors cheered a slowdown in U.S. inflation, while the yen hit a seven-month high and Japanese bond yields broke above the central bank's target as markets challenged Tokyo's commitment to loose monetary policy. Election is over Inflation back to normal. Big Corp will wait till 2024 to rise prices again
Источник: Reuters - 🏆 2. / 97 Прочитайте больше »