(Bloomberg) Asset managers trimmed bearish positions on the yen by the most in more than three years as inflation continues to put pressure on the Bank of Japan to adjust its ultra-loose monetary policy this year. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubl
ALBAWABA – Asia stocks mostly rose Wednesday, with slides in Japan and increases in Australia and India, Hong Kong stocks rising and China’s CSI edging
The Japanese yen plunged to its lowest level since November as investors shifted their focus from the Fed s hawkish decision to the Bank of Japan s policy