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  • Asia FX Muted, yen Supported By Bets on Eventual BoJ Pivot

    Asia FX Muted, yen Supported By Bets on Eventual BoJ Pivot0

    Most Asian currencies moved little on Monday as fears of a potential recession and rising COVID-19 cases in China weighed on sentiment, while the Japanese yen gained on bets that the Bank of Japan (BoJ) could eventually tighten policy amid rising inflationary pressures. The yen rose 0.4% to 136.18 against the dollar after a report

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  • Asia FX Muted, Dollar Steadies As Fed Meeting Looms

    Asia FX Muted, Dollar Steadies As Fed Meeting Looms0

    Most Asian currencies moved little on Tuesday, while the dollar retained recent gains as caution kicked in ahead of a Federal Reserve meeting this week, with any signals on U.S. monetary policy squarely in focus. But most Asian units were set for strong gains in January amid expectations that the Fed will slow its pace

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  • Asia FX Muted Amid Fed jitters, Chinese Yuan Outperforms For The Week

    Asia FX Muted Amid Fed jitters, Chinese Yuan Outperforms For The Week0

    Most Asian currencies were muted on Friday amid growing concerns over the path of U.S. monetary policy, while the Chinese yuan was among the best performers this week on a string of strong economic readings. The yuan rose 0.1%, and was set to close the week nearly 0.8% higher. A private survey showed on Friday

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  • ASIA FX MOVES LITTLE IN ANTICIPATION OF RED-HOT U.S. INFLATION

    ASIA FX MOVES LITTLE IN ANTICIPATION OF RED-HOT U.S. INFLATION0

    Asian currencies kept to a tight range on Thursday as fears of a hawkish Federal Reserve grew ahead of key data that is expected to show U.S. CPI inflation stayed close to 40-year highs The Chinese yuan fell 0.1%, while the South Korean won lost 0.2%. The Japanese yen was little changed, but was close

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  • Asia FX Mixed as Fed Caution offsets Optimism Over Slowing Inflation

    Asia FX Mixed as Fed Caution offsets Optimism Over Slowing Inflation0

    Most Asian currencies kept to a tight range on Wednesday in anticipation of an interest rate hike and more cues on monetary policy from the Federal Reserve, although sentiment was somewhat lifted by softer-than-expected U.S. inflation data. Most regional units rose on Tuesday after data showed U.S. consumer price index (CPI) inflation eased more than

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  • Asia FX inches Higher Ahead of Powell speech, China optimism Fades

    Asia FX inches Higher Ahead of Powell speech, China optimism Fades0

    Most Asian currencies crept higher on Wednesday as markets awaited more cues on U.S. monetary policy from Federal Reserve Chair Jerome Powell, although weak economic data from China and uncertainty over the country’s COVID policy weighed on sentiment. Still, most regional units were set to end November substantially higher on a weaker dollar and expectations

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