EWJ

Asia markets mixed as BOJ holds rates; focus on US PCE inflation data

Asia markets mixed as BOJ holds rates; focus on US PCE inflation data. Japan's yen hits weakest level in three decades as BOj keeps interest rate unchanged. Shanghai Composite extends winning streak to a third day. Investors now shifting focus to China's PMI data scheduled for release.

Japan's yen hits weakest level in three decades as BOJ keeps interest rate unchanged, as expected

Japan's yen hits weakest level in three decades as BOJ keeps interest rate unchanged, as expected. The Japanese yen weakened down to a fresh 34-year low past 156 to the dollar, breaching that level for the first time since May 1990. Bank of Japan held interest rates steady despite pressure from a sharply falling currency. The BOJ revised its inflation forecasts higher and said the economy will grow at a healthy pace.

Asia markets mixed tracking decline in global markets, investors focus on earnings

Asia markets mixed tracking decline in global markets, investors focus on earnings in China. Bank of Japan kicks off its two-day monetary policy meeting today. South Korea's economy expanded 3.4% in the first quarter from a year ago. In the U.S., all three major indexes ended little changed on Wednesday. The yen weakened to 34-year lows against the dollar.

Rising Treasury Yields, Falling Oil Prices, And Hawkish Talk From The Fed

Home Market Outlook Economy Analysis Rising Treasury Yields, Falling Oil Prices, And Hawkish Talk From The Fed. The 10-year US Treasury yield rose to levels not seen since last November. Prices for West Texas Intermediate crude oil fell last week from recent highs despite tensions in the Middle East.

Japanese yen slumps beyond 155 per dollar for first time in over 30 years

Japanese yen slumps beyond 155 per dollar for first time in over 30 years. The currency fell as much as 0.2% to 155.17 per dollar, the lowest since June 1990. The yen has been weakening against the U.S. Dollar since March 2022.

Asia markets rise tracking global markets as strong corporate earnings boost sentiment

Asia markets rise tracking global markets as strong corporate earnings boost sentiment. U.S. Stock futures climb higher on Wednesday as investors react to corporate earnings reports. On Tuesday, all three major indexes in the US ended higher. Investors continue to monitor geopolitical developments in the Middle East.

Asia markets mostly rise tracking a tech-led rebound on Wall Street, focus on busy earnings week

Asia markets mostly rise tracking a tech-led rebound on Wall Street, focus on busy earnings week. Japan's yen hits new 34-year lows against the dollar. China created 3.03 million new urban jobs in the first quarter of 2024. In the U.S., on Monday, all three major indexes rebounded from their worst week of the year.

Japan's manufacturing activity close to expansion in April; services PMI rises to 11-month peak

Japan's manufacturing activity close to expansion in April; services PMI rises to 11-month peak. In Japan, data shows manufacturing activity neared stability in April, while services activity expanded the most in 11 months. Japan's Nikkei 225 rose 0.3% to 37,541 points on Tuesday.