Asia mostly higher, yen hits 4-month low vs dollar - Breaking The News

Asia mostly higher, yen hits 4-month low vs dollar

20 March

1 min read

EPA-EFE/ALEX PLAVEVSKI

The Japanese yen dipped to a four-month low against the United States dollar on Wednesday, a day after the Bank of Japan (BoJ) decided to shift away from its negative interest rate policy.

Meanwhile, the People's Bank of China (PBoC) decided to keep its interest rates unchanged on Wednesday.

Australia's S&P/ASX 200 gained 0.27% at 3:02 am CET, with South Korea's Kospi Composite up by 1.05% a minute later. Hong Kong's Hang Seng traded flat at 3:04 am CET, while, on the Chinese mainland, the Shanghai Composite and the Shenzhen Composite increased by 0.10% and 0.26%, respectively at 3:05 am CET. Japan remains closed due to a public holiday.

The dollar traded 0.23% higher against the yen, going for ¥151.1835 at 3:07 am CET.

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