Yen Tumbles To New Low On BOJ Comments

Avalon_Studio Overview The dollar is narrowly mixed against most of the G10 currencies as it continues to consolidate its recent gains. The yen is the notable exception, and it was sold today, not in response to developments in the US Treasury market, a frequent driver, but in response to comments by a deputy governor of the central bank, suggesting a rate adjustment would not necessarily signal the start of a tightening cycle, which some economists expected. Emerging market currencies are also mostly narrowly mixed. Central European currencies are firmer, even the Czech koruna, ahead of what is expected to be…