News Formal

Yen soars as markets test BOJ, stocks cheered by inflation retreat

  • 📰 Reuters
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 97%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

World stocks scaled one-month peaks on Friday thanks to signs inflation is easing, while the yen jumped to seven-month peaks and Japanese bond yields breached a central bank target as investors challenged its commitment to loose monetary policy.

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 .

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 2. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

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
Source: Reuters - 🏆 2. / 97 Read more »

Yen flies 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.
Source: Reuters - 🏆 2. / 97 Read more »