Asian Markets Rise as BOJ Hikes Rates to 30-Year High
TL;DR
Asian shares rose following US CPI data showing slower inflation, supporting expectations of Federal Reserve rate cuts. Japan’s 10-year bond yields hit multi-decade highs after the BOJ raised rates, while the yen weakened. Commodities like platinum gained, and US Treasury yields increased slightly. The market sentiment remains cautious but optimistic about rate cuts and economic growth.
- Asian Shares to Rise as US CPI Lifts Stocks, Bonds: Markets Wrap Bloomberg.com
- The Bank of Japan Raised Rates. Here’s Why You Should Care. The Wall Street Journal
- BOJ’s Hike Seen as Net Plus of $5 Billion for Japan Households Bloomberg.com
- USD/JPY Forecast: What’s Next for the Yen After the BOJ Decision? FOREX.com
- Bank of Japan raises benchmark rates to highest in 30 years, lifting 10-year JGB yield past 2% CNBC
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