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  • Business
    Reuters

    Markets wary of intervention as yen struggles at 155 level

    The yen was pinned on the weaker side of 155 per dollar on Thursday as the Bank of Japan (BOJ) kicks off its two-day rate-setting meeting, leaving traders nervous as to whether Tokyo will intervene while policy deliberations are still underway. Having traded in a tight range over the past few days, a buoyant dollar finally broke above the 155 yen level for the first time since 1990 in the previous session, and was last steady at 155.34 yen in early Asia trade. Intense speculation of intervention from Japanese authorities to shore up the yen had hampered the dollar's ascent towards the psychologically key level, seen by some market participants as a line in the sand that would prompt Tokyo to take action.

  • Business
    Bloomberg

    Bonds at Risk from Asia’s Most Inflation-Sensitive Central Bank

    (Bloomberg) -- Emerging Asia’s worst-performing sovereign bonds are at risk of further declines as the Philippine central bank looks to delay monetary easing due to inflation fears and a weak peso. Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsTaylor Swift Is Proof That How We Critique Music Is BrokenZuckerberg Asks for Patience After Meta’s AI Push Irks InvestorsTech Giants Hit in Late Hours After Meta’s Outlook: Markets WrapBiden’s New Chopper

  • Business
    Bloomberg

    Oil Holds Modest Loss as Risk-Off Tone Counters Lower Stockpiles

    (Bloomberg) -- Oil held a modest decline, with a risk-off tone in broader markets countering a drawdown in US stockpiles.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsTaylor Swift Is Proof That How We Critique Music Is BrokenZuckerberg Asks for Patience After Meta’s AI Push Irks InvestorsTech Giants Hit in Late Hours After Meta’s Outlook: Markets WrapBiden’s New Chopper Is Demoted After Scorching White House LawnBrent crude traded near $88 a bar

  • Business
    Bloomberg

    BHP Approaches Rival Miner Anglo American About Takeover

    (Bloomberg) -- BHP Group Ltd. has approached Anglo American Plc about buying the 107-year-old company in a move that offers to spark the biggest shakeup of the global mining industry in over a decade. Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsTaylor Swift Is Proof That How We Critique Music Is BrokenZuckerberg Asks for Patience After Meta’s AI Push Irks InvestorsTech Giants Hit in Late Hours After Meta’s Outlook: Markets WrapBiden’s New Chop