Asia FX muted as rate fears mount, yen holds above 150

Asia FX muted as rate fears mount, yen holds above 150

Source: EODHD - https://finance.yahoo.com/news/asia-fx-muted-rate-fears-002453058.html
Published: Oct 26, 2023 8:24 PM

Investing.com-- Most Asian currencies moved little on Friday as markets hunkered down before a series of major central bank meetings next week, while the Japanese yen strengthened slightly on strong inflation data, but remained close to a one-year low. The dollar index and dollar index futures both moved little in Asian trade, but retained most gains made this week. Treasury yields also steadied after retreating slightly in overnight trade, but remained within sight of mutli-year peaks. Data released overnight showed that the U.S. economy grew more than expected in the third quarter, helping improve some sentiment. But anticipation of a Federal Reserve meeting next week kept traders largely...

Market context: This update is relevant to GBP traders, with GBPJPY as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.