Yen strengthens against the dollar and the euro on risk aversion
The Japanese yen is appreciating against the dollar, the euro, the pound and the Australian dollar in a session of lower risk appetite, in which the Swiss franc was also advancing. The Bank of Japan keeps its rate at 1.25%, versus the ECB's 2.50% deposit rate and the Federal Reserve's 3.75% to 4% range. Japanese investors have spent five consecutive weeks selling long-term foreign bonds, worth about 3.43 trillion yen.
In 35 seconds
- The yen gains against the dollar, the euro, the pound and the Australian dollar; the Swiss franc also rises
- The Bank of Japan keeps its rate at 1.25% and the market expects no change at next week's meeting
- Japanese investors have sold long-term foreign bonds for five straight weeks, about 3.43 trillion yen
Read the full story at XTB.com
IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.
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