Japanese official warns on ‘excess moves’ in yen after Trump win boosts dollar

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South Korea’s won also touched an intraday low beneath Won1,400 to the dollar in morning trading, its lowest level in two years.

Investors are positioning for the National People’s Congress, the standing committee of China’s rubber-stamp parliament, to announce the next stage of the country’s stimulus on Friday.“The key risk is on trade: we could start to hear pronouncements from Trump quite soon.

The impact of a Trump victory included “Asia FX downward pressure, higher US treasury yields, and tariffs”, said Société Générale analysts in a note.“A weaker for longer yen is an upside risk.

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Article Details

Author / Journalist: Arjun Neil Alim

Category: MarketsFinanceInvesting

Markets: United StatesChinaHong KongIndonesiaJapanSouth KoreaVietnam

Topics: Financial Official Moves Level Thursday Dollar Investors Cent Currency Rate Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 07:49:09 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 637 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23459489

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