Yen Bears to EM selloff: 5 pressure keys to watch in Asia after Fed's rate hike | Mint - Mint


6/15/2022 12:00:00 AM2 years 10 months ago
by Bloomberg

The yen, pushed to a 24-year low against the dollar as it’s caught between a hawkish Fed and dovish Bank of Japan, will be in the cross-hairs of macro traders once more

Asia traders are waking up to a relief rally across the Pacific after Federal Reserve Chair Jerome Powell promised the biggest rate hike since 1994 wont be the rule. But nerves are frayed after this … [+2528 chars]

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