Yen

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

Oil prices climb after Fed rate hikes, demand fears persist Oil prices rose after the Fed’s third consecutive rate hike. Reuters also reported that Chinese refiners expect the country to release up to 15 million tonnes of petroleum product export quotas for the rest of the year, citing people with knowledge of the matter. Brent …

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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

Fed hike should keep Asian risk assets under pressure, says JPMorgan Asian risk assets, especially export-oriented companies, will remain under pressure in the near term after the Fed’s rate hike, according to Tai Hui, chief APAC market strategist at JPMorgan Asset Management. Tai added that a strong U.S. dollar is likely to persist, but monetary …

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