Japan’s Nikkei slipped off a record high as government bonds swung sharply and the yen strengthened. The move followed a hawkish tone from the Bank of Japan, which kept interest rates unchanged. Even without rate hikes, traders reacted to expectations of tighter policy, reshaping the day’s risk sentiment across equities and JGBs.
The Japanese yen stayed steady as investors waited for the Bank of Japan’s policy decision. With major central banks like the US Federal Reserve also set to meet, traders are watching closely for signals on rates. Uncertainty over how the Iran war could affect inflation and growth is keeping policymakers cautious, while Japan’s finance minister warned speculators about currency volatility.
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