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Yen Falls as Stocks Seen Rising, BOJ to Buy Bonds
Wednesday, 15 May 2019 07:34 WIB | CURRENCIES | YenUSD/JPY,

The yen fell with Asian stocks poised to rise as risk sentiment improved on expectations that U.S.-China trade friction will ease. The Bank of Japan will buy bonds in maturities including the benchmark.

USD/JPY rose 0.1% to 109.68, gradually moving away from its three month low of 109.02 reached on Monday.

Asian stocks looks set to track a rebound in U.S. equities as Trump said he has an ongoing dialogue with China, reducing concern about deteriorating trade negotiations.

Source : Bloomberg

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