Update on Asian Market Movements and USD/JPY Amid Regional Holidays
Friday, 29 March 2024, 03:28
Important Updates in the Asian Markets:
Japan:
- Vanke aims to reduce debt by 100bn yuan
- Industry minister extends fuel subsidies
- Concerns of speculative FX movements in JPY
Market Reactions:
- USD/JPY responds to verbal interventions
- Core CPI and core-core indicators slow but remain above BOJ target
- Retail sales beat forecasts, signaling potential BOJ policy tightening
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.