Asian stocks waver, yen wobbles as BOJ takes centre stage
© Reuters. FILE PHOTO: Passersby walk past an electric monitor displaying the Japanese yen exchange rate against the U.S. dollar outside a brokerage in Tokyo, Japan October 4, 2023. REUTERS/Issei Kato/File Photo
The yen weakened 0.19% to 149.38 per dollar but was not far from the two-week peak of 148.81 it touched on Monday after the Nikkei newspaper reported the BOJ would consider making adjustments to its yield curve control . The Fed's meeting comes after a slew of data showed the U.S. economy remains resilient and comments from Fed Chair Jerome Powell will be scrutinized to gauge how long the interest rates are likely to stay elevated.
"While the Federal Reserve may not make any rate adjustments this week, the possibility of a rate hike in the following meeting is certainly on the table."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian stocks sink before packed week; Nikkei hit by pre-BOJ jittersAsian stocks sink before packed week; Nikkei hit by pre-BOJ jitters
Read more »
Asian stocks sink before policy-packed week; Nikkei hit by pre-BOJ jittersAsian stocks sink before policy-packed week; Nikkei hit by pre-BOJ jitters
Read more »
Japan’s Nikkei leads losses in Asian markets ahead of the Fed, BoJ rate decisionMost Asian stocks trade mixed on Monday. Investors await the highly-anticipated Bank of Japan (BoJ) monetary policy meeting on Tuesday and the Federal
Read more »
BOJ preview: YCC tweak on the cards amid sticky inflation, high yieldsBOJ preview: YCC tweak on the cards amid sticky inflation, high yields
Read more »
USD/JPY holds above the mid-149.00s ahead of BoJ, Fed rate decisionThe USD/JPY pair hovers around 149.65 after retracing from the monthly highs of 150.77 during the Asian session on Monday. Traders prefer to wait on t
Read more »
BoJ: Any hawkish surprise may nudge USD/JPY toward 145The BoJ faces a complex situation regarding its monetary policy. Economists at Standard Chartered analyze how the next BoJ Monetary Policy Statement c
Read more »