Asia Stocks Look Mixed Ahead of BOJ Rate Decision: Markets Wrap
The yen fell after the Bank of Japan brought an end to the world’s last negative interest-rate policy and emphasized that financial conditions will remain easy.
The yen fell after the Bank of Japan brought an end to the world’s last negative interest-rate policy and emphasized that financial conditions will remain easy.
Crypto exchange BitMEX said it is investigating unusual trading activity, including possible misconduct, that led to a flash crash in Bitcoin on its platform yesterday.
Bitcoin extended a retreat as investors digested a record daily outflow from the world’s biggest exchange-traded fund for the token as well as scaled-back expectations for Federal Reserve interest-rate cuts.
The Bank of Japan scrapped the world’s last negative interest rate, ending the most aggressive monetary stimulus program in modern history, while also indicating that financial conditions will stay accommodative for now.
The Bank of Japan is poised to end on Tuesday its yield curve control policy as well as purchases of riskier assets such as exchange-traded funds, Nikkei reported, without saying where it got the information.
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