Breaking News

Yen surges after BoJ kept its policy unchanged.

News Date: 18/12/2015 00:47:44
 

Bank of Japan has left its main target for monetary stimulus unchanged at an annual 80 trillion yen ($650 billion), but expanded the range of assets it can buy. The news propelled the yen to wipe its heavy losses and gain considerable ground; the Japanese currency hit a two-week low against the dollar earlier at 123.53, before aggressively pulling back and rising 0.30% to 122.00. Yen jumped to a two-week high against the euro at 132.47, after dipping earlier in the day to 133.76. It surged to a 9-week high against sterling at 182.08, after falling earlier to 183.90.

 

Japan's main stocks index Nikkei was hammered subsequently, with investors disappointed from the lack of more stimuli, and as a stronger yen makes life harder for exporters. The index dived 1.77% to 19,082, after hitting a two-week high earlier in the day at 19,843; and poised for a third consecutive weekly loss of 0.65%. Australia's S&P\ASX 200 index was up 0.10% for the day, set for its first weekly profit in a month at 1.54%. China's CSI300 index for biggest listed companies in Shanghai and Shenzhen rose 0.57%, while Korea's KOSPI ticked up 0.11%.

 

Wall Street closed down, affected by a renewed fall by oil prices. Dow Jones tumbled 253 points, or 1.43% to 17,495. NASDAQ lost 68 points, or 1.35% to 5,002. S&P 500 slid 31 points, or 1.50% to 2,041.

 

Oil prices were mixed, with U.S. crude futures down 14 cents, or 0.39% to $34.82 a barrel. Brent futures on the other hand gained 28 cents, or 0.76% to $37.17 per barrel. Both were set for a third weekly loss however; 2.26% for the former and 2.00% for the latter.

 

Sterling plunged to an eight-month low against the dollar yesterday at 1.4868, before recovering modestly today to 1.4919. The dollar's index, which measures the currency's performance against a basket of major rivals, fell 0.30% to 98.92, after hitting a two-week high yesterday at 99.35.

 

Due to be released today, Canada's CPI for November is forecast to have risen 0.1% m\m, while Core CPI is expected to remain unchanged m\m. A higher inflation is usually positive for the currency.

 

Latest news

The number of global Coronavirus infections is increasing at an unexpected speed, and German Chancellor Angela Merkel said yesterday that the pace of new infections is advancing day after day, and at
11-2020 17 08:37:57

Japanese stock indices closed lower today, due to undermining investor sentiment for fear of a rise in Corona cases, and the Nikkei index fell by 0.53% to 25385.87 points, and over the course of a we
11-2020 13 05:10:43

The US dollar manage this morning, to achieve progress during the trading session, as the « safe currency » rose by 0.04% to indicate 93.073, and the dollar fell against the Japanese yen
11-2020 12 08:11:42

Trump is still trying to raise the curtain on the corruption – as he claims – which was defined by the polling process in the last major US election that was sorted by Democrat Joe Biden,
11-2020 11 08:58:20

Most of the global markets rebounded on Monday, right after the opening of the weekly trading session, after Democrat Joe Biden won the US presidential elections, and both stocks and commodities rebo
11-2020 10 09:23:45

More News

Logs

Advertisements