Yen slides after minor BOJ policy tweak, stocks advance

NEW YORK/LONDON, Oct 31 - The yen slid across the board and hit a 15-year low against the euro on Tuesday after the Bank of Japan's step to end years of monetary stimulus left investors cold, while global stock indexes were higher a day before the Federal Reserve is expected to again say interest rates will stay high for longer.

The yen fell to a new one-year trough against the dollar. The dollar was last up 1.7% at 151.56 yen, on track for its best one-day increase since late April. "With major unknowns remaining around the central bank’s reaction function, and another raft of stronger-than-expected data helping boost US yields, rate differentials are tilting more aggressively against the yen as the session unfolds.”

The pan-European STOXX 600 index rose 0.59% and MSCI's gauge of stocks across the globe gained 0.33%.

United States United States Latest News, United States United States Headlines

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

Ueda Faces Market Fallout Risk as BOJ Mulls Yields, Prices, YenThe Bank of Japan’s Kazuo Ueda is in a tight spot. If he stands pat on policy this week he risks sending the yen to a multi-decade low and opening up his yield control program to speculative attack in the market.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Ueda Faces Market Fallout Risk as BOJ Mulls Yields, Prices, Yen(Bloomberg) -- The Bank of Japan’s Kazuo Ueda is in a tight spot. If he stands pat on policy this week he risks sending the yen to a multi-decade low and...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Ueda Faces Market Fallout Risk as BOJ Mulls Yields, Prices, YenThe Bank of Japan's decision on yields, prices, and the yen poses a market fallout risk for Ueda.
Source: BNNBloomberg - 🏆 83. / 50 Read more »