Asia FX muted, Japanese yen pauses losses after BOJ warning
Investing.com-- Most Asian currencies moved in a flat-to-low range on Thursday as markets sought more cues on U.S. interest rates from Federal Reserve officials and upcoming inflation data.pair pausing its recent decline after somewhat hawkish comments from the Bank of Japan. Traders were also on guard over any more intervention in currency markets by the government.
The pause came after BOJ Governor Kazuo Ueda warned that any inflationary pressures arising from weakness in the yen could invite monetary tightening by the central bank- changing his stance after stating last month that the yen’s recent declines did not directly impact inflation. Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
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