The Bank of Japan will likely
step up its purchases of Japanese government bonds if the
benchmark yield exceeds 1.0% in the near-term, former
policymakers and investors said. They.
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weaker than the previous fix of 6.4709. But the official fixing came in much weaker than market had
expected, according to traders and analysts. It was 36 pips
weaker than Reuters’ estimate of 6.4676. In the spot market, the onshore yuan opened at
6.4697 per dollar, slipped to a one-week low of 6.4789 before
changing hands at 6.4772 at midday, 72 pips away from the
previous late session close and 0.09 percent away from the
midpoint.
midday level, it would have weakened 0.34% to the dollar for the
week, posting the fifth weekly loss in a row. Despite the recent weakness against the greenback, the yuan
remains strong against a basket of currencies. The CFETS basket