Korean Won’s Correlation With Yen Jumps as BOJ Decision Nears
The South Korean won’s correlation with the yen has risen to the highest level in more than nine months as traders await a potentially historic policy decision by the Bank of Japan.
The South Korean won’s correlation with the yen has risen to the highest level in more than nine months as traders await a potentially historic policy decision by the Bank of Japan.
Asian equities slipped before a Bank of Japan policy decision where authorities are likely to bring an end to the world’s last negative rates regime.
Fidelity International plans to cut about 20 positions in China as part of global job reductions to trim costs, according to people familiar with the matter, a move that could potentially slow its expansion in the local 27 trillion yuan ($3.8 trillion) mutual fund market.
China’s Foreign Minister Wang Yi will hold closed door meetings with Australian business leaders and policy experts on Wednesday as part of his first visit to the country in more than seven years.
Oil held a gain with the impact of Ukrainian drone attacks on Russian refineries and OPEC+ supply cuts in focus.
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