Asian Stocks Slide on Weak China Data, Yen Firms After BOJ Decision

Asian stocks slide on weak China data, yen firms after BOJ decision

By Gregor Stuart Hunter

USD / JPY forecast after the Fed and BoJ interest rate decisions

Japanese Yen rebounds from multi-month low against USD ahead of BoJ decision

The Japanese Yen (JPY) edges higher against a softer US Dollar (USD) during the Asian session on Thursday and recovers a part of the previous day's slide to its lowest level since early April.

USD/JPY drops ahead of Fed interest rate decision

Foreign exchange traders favoured the Yen against the dollar going into this evening’s Federal Reserve interest rate decision, with the prospect of a hint at rate cuts later in the year. The Federal Reserve is not expected to cut rates this evening. Today’s recovery in the Yen against the dollar follows a week of dollar […] The post USD/JPY drops ahead of Fed interest rate decision appeared first on UK Investor Magazine.

Japanese Yen Edges Higher Against A Broadly Retreating USD, Ahead Of Fed/BoJ Decisions

• The Japanese Yen recovers from a one-week low touched against the USD on Tuesday. • Diminishing odds for an immediate BoJ rate hike and trade optimism …