The Japanese currency languishes near a 10-month low ahead of the central bank’s interest rate decision.
The 10-year Treasury yield, which the dollar/yen pair tends to track, reached its highest level since 2007 at 4.4980%.
The BOJ is due to announce its interest rate decision later on Friday at the conclusion of its two-day policy meeting, capping off a week packed with central bank policy decisions, and expectations are for the BOJ to stand pat on its ultra-easy monetary settings. The yen was also kept under pressure as a result of elevated US Treasury yields, which scaled multi-year highs in the previous session as markets reeled from a hawkish pause by the Federal Reserve on Wednesday.
Against a stronger dollar, the Aussie fell 0.1% to US$0.6410 and was headed for a weekly loss of about 0.3%, reversing some of its gains made last week. “We like the US dollar given this backdrop,” said Ray Sharma-Ong, investment director of multi-asset solutions at abrdn.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Yen under pressure as US Treasury yields push over-decade peaksSINGAPORE, Sept 22 ― The yen was held at the mercy of soaring US Treasury yields today ahead of a closely watched rate decision by the Bank of Japan (BoJ), while the dollar...
Leggi di più »
Dollar firm but softens against yen ahead of FOMCMarket sentiment leans towards a rate pause, shifting focus to the US central bank’s forward guidance.
Leggi di più »
Traders on intervention watch as yen hovers below 150 to dollarThe BOJ’s negative rate policy clashes with the Fed’s hint of more hikes, risking widening the yield gap.
Leggi di più »
Japanese Premier discusses Iran nuclear deal, Fukushima water with Iranian presidentISTANBUL: Japanese Prime Minister Fumio Kishida (pix) held a summit meeting with Iranian President Ebrahim Raisi in New York City on Wednesday. The tw...
Leggi di più »
Japanese royal couple in Vietnam to mark 50 years of tiesCrown Prince Akishino and Crown Princess Kiko were welcomed in Hanoi today.
Leggi di più »
Japanese royal couple begin visit to VietnamHANOI (AFP): Japan's Crown Prince Akishino and Crown Princess Kiko were welcomed on Thursday (Sept 21) in Hanoi by lines of flag-waving schoolchildren, as they began a visit marking the 50th anniversary of diplomatic ties between the two nations.
Leggi di più »