Huitong Financial News The yen weakened against other G10 and Asian currencies in early trading on the prospect that the Central Bank of Japan may keep its accommodative policy unchanged at its January 22-23 meeting. Alvin T. Tan, head of Asia FX strategy at RBC Capital Market, said Japan's earlier December CPI data were all down from November, which would further reassure the Central Bank as the peak inflation had passed. The Central Bank is widely expected to keep policy unchanged at next week's meeting.
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RBC: The yen may weaken as the Central Bank continues to maintain accommodative policy
Huitong Financial News The yen weakened against other G10 and Asian currencies in early trading on the prospect that the Central Bank of Japan may keep its accommodative policy unchanged at its January 22-23 meeting. Alvin T. Tan, head of Asia FX strategy at RBC Capital Market, said Japan's earlier December CPI data were all down from November, which would further reassure the Central Bank as the peak inflation had passed. The Central Bank is widely expected to keep policy unchanged at next week's meeting.