Asia stocks mixed as investors grapple with higher rates
In currencies, the dollar index, which tracks the greenback against a basket of currencies of other major trading partners, advanced 0.085% to 106.3, after hitting 106.21 on Tuesday, the highest since Nov. 30. The European single currency was down 0.1% on the day at $1.0564, having lost 2.56% in a month.
The 150 yen per dollar level is seen by financial markets as a red line that would spur Japanese authorities to act, as they did last year.traded in a fairly narrow range overnight and is currently trading just above 149. Higher U.S. Treasury yields and recent dovish comments from Bank of Japan officials have weighed on USD/JPY," CBA analysts said in a note."We see a high risk the BoJ intervenes soon to prop up the JPY.
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