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Yen Edges Higher as Focus Shifts to Fed Decision
Wednesday, 19 June 2019 14:24 WIB | CURRENCIES | YenUSD/JPY,

The yen rose against all its Group-of-10 peers as optimism about U.S-China trade talks gave way to caution ahead of a Federal Reserve policy decision.

USD/JPY fell 0.1% to 108.35 to head for a third day of declines. Bloomberg Dollar Spot Index was little changed; 10-year Treasury yield added 1bp to 2.07% after falling to lowest since September 2017 on Tuesday.

Commodity currencies were on the back foot as traders hedged bets that the Fed will validate market expectations for future rate cuts. Japanese bonds climbed as the prospect of additional stimulus from the European Central Bank reinforced the recent dovish tilt by global policy makers.

Source : Bloomberg

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