Meanwhile, gilts, which had not been listed since Friday, came under pressure from the previous day’s fall in global government bond prices, which lifted UK yields and further supported the pound.
The dollar rose 0.7% to 134.40 yen in Asian trade, the biggest rise since Dec. 20, when the Bank of Japan relaxed the 10-year Japanese government bond rate band.
A summary of views from that meeting, published on Wednesday, showed policymakers continued to support the ultra-dvish bias, even as they discussed prospects for higher wage growth and sustained inflation next year.
“It basically confirmed that last week’s Bank of Japan surprise was an isolated event.but from a long-term point of view nobody buys it,” said Osamu Takashima, head of G10 currency strategy at Citigroup Global Markets Japan.
The pound sterling advances 0.6%, to u$s1,211, and goes to his biggest daily rise in two weeks.
China’s rapid rollback of strict zero-COVID policies, which have severely hampered its economy for almost three years, has been a shock to the markets in the last week of the year.
The dollar indexwhich measures the US currency against six other currencies, it yields 0.21%, to 103,980 points. The euro advances 0.2%, au$s1,06580.
Source: Ambito
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