Yen dives as BOJ plays down chance of hikes, soothing markets

Q: How long will it take to read this news story?

The story "Yen dives as BOJ plays down chance of hikes, soothing markets" has 728 words across 22 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Yen dives as BOJ plays down chance of hikes, soothing markets" was covered 13 hours ago by Channel News Asia, a news publisher based in Singapore.

Q: How trustworthy is 'Channel News Asia' news outlet?

Channel News Asia is a fully independent (privately-owned) news outlet established in 1999 that covers mostly economy and business news. The outlet is headquartered in Singapore and publishes an average of 56 news stories per day. It's most recent story was published 56 minutes ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #21972597</li><li>URL: https://beamstart.com/news/yen-dives-as-boj-plays-17230590915514</li></ul>

Channel News Asia Logo Channel News Asia 13h ago

Yen dives as BOJ plays down chance of hikes, soothing markets - Channel News Asia

Quick Summary:

NEW YORK/LONDON :The yen dropped on Wednesday after an influential Bank of Japan official played down the chances of a near-term rate hike, soothing investors' concerns that a further jump in the Japanese currency could again rock global markets.The yen fell about 2.5 per cent to a session low of 147.

"I think it’s become increasingly clear that the BOJ hawkish turn last week could be a policy error," said Alvin Tan, head of Asia FX strategy at RBC Capital Markets.

The yen's decline was broad based, with the Mexican peso, New Zealand dollar and Australian dollar - all carry trade investment candidates - surging against the currency.