Yen drops beyond ¥157 per dollar as BOJ keeps key rate unchanged
Japan’s currency weakened as much as 1.4% on the day and touched a session low of ¥157.79 per dollar in afternoon trading in New York.
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Japan’s currency weakened as much as 1.4% on the day and touched a session low of ¥157.79 per dollar in afternoon trading in New York.
A review of things you need to know before you sign off on Friday; consumer confidence slides, prioritising the mortgage (less), our taxes are low, our R&D spending is 'high' (?), swaps up, NZD stable, & more
China’s yuan has lost more value against the US dollar as interest rate cuts have yet to materialise, leading exporters to find whatever alternative assets they can until exchange differentials subside.
Disappointing earning updates and guidance from the corporate sector especially from Meta Platforms dampened market sentiment. Weakness in the technology sector spilled over to the broader markets.
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