Nikkei 225 Index

Major Asian markets down 2%;  Chinese yuan at lowest since 2008

The main Asian markets collapsed by more than 2%; Chinese yuan at lowest since 2008

Chinese yuan expected to return to ‘reasonable range’ soon The yuan is likely to return to a “reasonable range” between six and seven against the US dollar – as early as next year, said Han Baojiang, director of the economics department of the Party School of the Communist Party of China Central Committee. . That’s …

The main Asian markets collapsed by more than 2%; Chinese yuan at lowest since 2008 Read More »

Yen Weakens After Bank of Japan Holds Rates;  Asian markets tumble amid hawkish Fed

Yen Weakens After Bank of Japan Holds Rates; Asian markets tumble amid hawkish Fed

Bank of Japan remains stable and maintains its policy of controlling the yield curve – the yen weakens above 145 The Bank of Japan kept interest rates unchanged, according to an announcement posted on its website – meeting expectations predicted by economists in a Reuters poll. The Japanese yen weakened to 145 against the greenback …

Yen Weakens After Bank of Japan Holds Rates; Asian markets tumble amid hawkish Fed Read More »

Asia-Pacific markets are growing;  Japan travel stocks gain on border easing reports

Asia-Pacific markets are growing; Japan travel stocks gain on border easing reports

Traders see 90% chance of another 75 basis point Fed hike in September: FedWatch The likelihood of the U.S. Federal Reserve raising interest rates another 75 basis points at its September meeting has risen to 90%, according to CME Group’s tracker FedWatch on federal funds futures betting. That’s up from last week’s 82% probability for …

Asia-Pacific markets are growing; Japan travel stocks gain on border easing reports Read More »