Morning bid: BOJ reassurance fades, defences still up

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The story "Morning bid: BOJ reassurance fades, defences still up" was covered 4 hours ago by Channel News Asia, a news publisher based in Singapore.

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Morning bid: BOJ reassurance fades, defences still up - Channel News Asia

Quick Summary:

A look at the day ahead in Asian markets. Asian assets are in for a rocky ride on Thursday after soothing words from the Bank of Japan's deputy governor about recent yen volatility were overtaken by a negative turn in U.S.markets, a reminder that market conditions remain challenging.

This helped lift the Nikkei and slammed the yen - in late U.S.trading the currency was down 1.8 per cent against the dollar for its biggest daily fall in 18 months.

Its 'tail' - how much higher the yield at sale was relative to where it traded before - was a massive 3 basis points, and demand was 2.32 times the amount of debt on offer, the weakest since December 2022.