Yen Drops to Fresh 34-Year Low as BOJ Keeps Key Rate Unchanged
The yen weakened after an initially choppy response to the Bank of Japan keeping its key interest unchanged.
The yen weakened after an initially choppy response to the Bank of Japan keeping its key interest unchanged.
Oil headed for a weekly gain ahead of US inflation data that may give further clues on the path forward for monetary policy, shaping appetite for risk assets including commodities such as crude.
Asian technology shares rose following stellar earnings reports from Microsoft Corp. and Alphabet Inc. overnight. The yen weakened to a fresh 34-year low after the Bank of Japan kept its key interest rate unchanged.
Peru was downgraded by S&P Global Ratings as political turmoil weighs on investor sentiment, curbing the growth outlook and constraining the nation’s capacity to rebuild fiscal buffers.
Hong Kong Exchanges and Clearing Ltd. is having its best week in years.
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