The U.S. dollar temporarily rises to the lower 150 yen range from the mid-149 level in Tokyo after the Bank of Japan made another tweak to its yield cap program at its policy-setting meeting.
Analysts are waiting for the US Fed’s October 31-November 1 meeting. Though the Fed is expected to keep interest rates unchanged, the focus will be on the central bank’s language
China s top parliament approved a 1 trillion yuan ($137 billion) bond issue, state media reported adding the funds would be spent rebuilding disaster zones and improving infrastructure.
In the domestic market, attention is on the $5 billion RBI swap due on October 23. Some believe RBI may purchase dollars, potentially addressing a dollar liquidity concern.