Asian markets extend drop after Wall St sell-off

Markets are speculating that the Bank of Japan could be preparing to shift from its era of easy money.

Traders have enjoyed a broadly positive week on hopes central banks were at or close to the end of more than a year of monetary tightening as inflation comes down and figures suggest the US economy is holding up. Adding to the unease was a report that the Bank of Japan was looking at tightening its monetary policy by loosening its grip on government bond yields, a process known as yield curve control.

Stephen Innes, of SPI Asset Management, said: “It’s worth noting that Japanese investors have already sold a significant amount of foreign fixed income and have cash in dollars and foreign currencies that are waiting to be invested.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ringgit opens firmer v dollar, major currencies | The Malaysian InsightGreenback weakens following US Fed decision to hike interest rates by 25 basis points.
Source: msianinsight - 🏆 8. / 63 Read more »

US stocks fall as Dow streak ends at unlucky 13 | The Malaysian InsightMarket now thinks 'Fed funds interest rates are going to be higher for longer'.
Source: msianinsight - 🏆 8. / 63 Read more »

Ringgit opens stronger vs US$, major currenciesKUALA LUMPUR: The ringgit opened on a strong note against the US dollar as well as several major Asian and non-Asian currencies today, while the greenback weakened after the United States (US) Federal Reserve (Fed) raised its key interest rates to a 22-year high.
Source: staronline - 🏆 4. / 75 Read more »

Fed looks set to raise rates to 22-year highFederal Reserve policymakers are poised to hike interest rates to the highest level in 22 years while retaining a tightening bias that signals the possibility of an additional move later in the year.
Source: staronline - 🏆 4. / 75 Read more »