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(RTTNews) - Asian markets are mostly higher on Friday, following the broadly positive cues from Wall Street overnight, as a pullback in crude oil prices and bond yields helped ease global inflation worries and the outlook for interest rates. Market sentiment improved after US Pre
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The move was widely expected given the underlying indicators, the yen and pressure from the United States.
The Bank of Japan’s widely expected move followed an unusual campaign by Treasury Secretary Scott Bessent for tighter monetary policy.
The Japanese Yen (JPY) plunges against the US Dollar (USD) after the Bank of Japan’s (BoJ) monetary policy decision. As of writing, the USD/JPY pair surges to near 156.95.
