Yen fluctuates against dollar amid currency intervention
The yen returned to the 160 range against the dollar in Tokyo. An overnight rally to 158 was offset by commercial dollar demand.
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News from Asia, grouped by event. Each story links to its original reporting and update history.
The yen returned to the 160 range against the dollar in Tokyo. An overnight rally to 158 was offset by commercial dollar demand.
The Bank of Japan decided to hold its benchmark interest rate steady. The central bank lowered its inflation outlook for the current fiscal year.
China's official manufacturing PMI fell to 49.2 in July, signaling contraction. Construction activity slumped to its lowest level since the start of the pandemic. Economic growth concerns intensify as confidence remains sluggish.