SYDNEY : Asian shares were mixed on Wednesday while the Japanese yen tumbled and Japanese yields stayed above policy cap, after the Bank of Japan unanimously decided to keep its yield curve controls in place.
The 10-year yield stayed at 0.5100 per cent on Wednesday. Japan's Nikkei share index meanwhile surged 2.2 per cent. Mahjabeen Zaman, head of FX Research at ANZ, now expects any further rises in the Japanese yen might have to be delayed until April when the new BOJ governor assumes position. A survey of global fund managers by BofA Securities out on Tuesday showed that expectations of further appreciation in the Japanese yen in January were the highest in 16 years.
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