Morning Bid: Bank of Japan center stage, US tech supports

Asia 's market spotlight on Friday falls on the Bank of Japan's policy announcement , as the cat-and-mouse game of when or if Tokyo intervenes in the currency market continues, and investors digest the latest U.S. mega tech earnings reports.

Risk appetite was dealt a heavy blow on Thursday by surprisingly high U.S. inflation and soft GDP growth numbers, and the leap in bond yields to new highs for the year will do little to improve the mood in Asia and across emerging markets. But the yen's slide to a fresh 34-year low against the dollar means Ueda will have to walk a delicate line in maintaining a steady, calibrated path to exiting ultra-easy policy while at the same time addressing the huge pressure bearing down on the currency.

In an interview with Reuters on Thursday U.S. Treasury Secretary Janet Yellen sidestepped the issue of Japanese intervention, but said such instances should ideally be rare and only in response to excessive volatility.Toronto-Dominion Bank is one stock I reversed course on in a big way. The post TD Stock: Why I Reversed Course appeared first on The Motley Fool Canada.

Source: News Formal (newsformal.com)

Asian Markets Policy Announcement Kazuo Ueda Japan Tokyo Consumer Price Inflation Currency Market Asia

Canada Latest News, Canada Headlines

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

Morning Bid: Japan's FX no-show, Meta plungesExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Morning Bid: Japan's FX no-show, Meta plungesThe depreciation of Asian currencies against the U.S. dollar, and the steps monetary authorities may take to prevent further weakness, dominate the market...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Monday morning update on the morning snow and today’s rare Solar Eclipse!Good Monday morning! Many of you on the Avlaon awoke to a &8220;surprise&8221; dose of snow overnight. To be honest I didn&8217;t look at the forecast very closely yesterday but from what I did look it, nothing showed this much snow overnight.
Source: NTVNewsNL - 🏆 54. / 59 Read more »

Morning Bid: Meta plunges, mega mining merger revealedMegacap Meta revived Big Tech jitters on Wall St overnight as its pumped-up stock balked at an ostensibly decent earnings update late Wednesday - but the...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Morning Bid: Gearing up for the tech roller-coaster rideExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Morning Bid: Tesla catches break, Meta next; TikTok countdownAiling Tesla shares caught a rare 10% break overnight despite the electric auto giant's quarterly revenue miss, underscoring a better market mood as Meta...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »